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Bailey Says Little on Monetary Policy

BOE

Little on monetary policy specifically from Bailey - most notable comments from his speech:

  • "I don’t believe we face a systemic banking crisis"
  • "We don’t know yet where central bank balance sheet reduction will need to stop in terms of the necessary level of reserves"
  • He appears again later today at the IMF event, speaking on price stability at 2015BST/1515ET.

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