BoE's Bailey: Maintaining focus on financial stability is more important than ever
- Given increased risks, maintaining focus on financial stability is more important than ever.
- Risks to financial stability have risen.
- Most important thing we can do for economic growth is support financial stability.
There are no monetary policy comments. As a reminder, the BoE is expected to cut the Bank Rate by 25 bps this month following yet another soft UK labour market report and benign inflation data.