Bank of England governor Mark Carney is due to give a press briefing tomorrow 31 March
The BOE website has the following info:
"On-the-record press briefing following the conclusion of the Financial Stability Board (FSB) Plenary meeting in Tokyo (07.00 GMT/08:00 BST)."
The FSB has the following remit:
"Financial stability - public trust and confidence in financial institutions, markets, infrastructure, and the system as a whole - is critical to a healthy, well-functioning economy. The Bank of England plays a vital role in maintaining financial stability in the United Kingdom in a number of ways:
- reinforcing trust and confidence in money itself;
- acting as lender and market maker of last resort at times of financial stress;
- promoting the safety and soundness of individual financial institutions (via the Prudential Regulation Authority);
- removing or reducing risks to the financial system as a whole, via the Financial Policy Committee;
- supervising financial market infrastructure;
- safely resolving failing financial institutions;
- collaborating with other UK financial authorities to support UK financial sector business continuity and operational resilience"
We should expect the obligatory questions on Brexit following on from Carney's testimony to lawmakers last week and yesterday's FPC statement from the 23rd March where he grabbed attention with the "UK financial stability outlook has worsened since November 2015" headline and Brexit warnings:
He will be his usual guarded self but watch out for any wobble off the printed page.
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BOE governor Carney - Financial Stability on the agenda
