BoE capital injection lays ground for stronger crisis response
Higher risk-bearing capacity allows additional emergency measures, Mark Carney says
The UK government revealed on June 21 that it would be injecting £1.2 billion ($1.6 billion) into the Bank of England. Governor Mark Carney called the agreement “ground-breaking”, saying it would provide important backing for the central bank’s main policy objectives.
The agreement is designed to boost the BoE’s independence, expand its ability to provide emergency liquidity, and extend the boundaries of the central bank’s monetary policy.
“We now have a balance sheet fit for purpose and the
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