- 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.
- I would expect banks to support economy through lending following capital changes.
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.
