Monetary policy and financial stability interventions in difficult times − speech by Andrew Bailey
We are meeting in the most difficult of times. And, in saying that, we should start by recognising that however difficult each of our positions is, that is nothing compared to the suffering inflicted on the people of Ukraine. In these times, a large measure of stoicism is called for, particularly the view of stoics that the best indication is what we do and how we behave, rather than what we say. But, there is an important role for communication, and so I will set out the key elements of UK monetary and financial stability policy as I see them. The UK economy has been buffeted by very large disturbances in the last
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