Bank of England (BoE) Governor Andrew Bailey gave a speech at Loughborough University in England, continuing the long tradition of BoE Governors spending time giving speeches at this UK university.
Main highlights:
BoE Governor Andrew Bailey expects British banks' reserves to continue falling from current levels of around £467bn.
Despite the expected decline in UK bank reserves, Governor Bailey expects bank reserves to generally settle above historical norms.
British banks should draw more on BoE liquidity.
“British banks have overcome the turbulence of the last four years in good health, allowing them to contribute to maintaining financial stability and supporting the economy and their customers in these difficult times”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
