Haldane: Monetary Policy Should Be The ‘Last Line Of Defence’ In The Presence Of Financial Stability Risks

by | October 12th, 2017, 17:50:14 | BOE, Central Banks

BOE

Rethinking Financial Stability – speech by Andy Haldane

– Reducing Crisis Probability With Higher Interest Rates Entail Significant Costs For Current Output And Inflation
– Monetary Policy Can Work With Macroprudential Policy When, Macroprudential Policy Leads
– Financial Stability Policy Requires Strong Institutional Frameworks, Supported By Clear Mandates, Objectives And Instruments

http://www.bankofengland.co.uk/publications/Pages/speeches/2017/1006.aspx

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