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12 Apr 2023
BoE´s Bailey: Banking crisis `testing' institutional structures
Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday to the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe ´´we face a systemic banking crisis."
In recent trade, further comments have crossed the wires:
We watch QT very carefully, we do not want it to have detrimental impact on markets.
We are not seeing any concerning signs in markets due to QT.
I do not see makings of a repeat of 2007-08 crisis.Shouldn't `aim off' rates decision due to crisis.
Will take financial conditions into account.
more to come...