New prospects for money
10 July 2023 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: inflation and price stability , financial stability , payments, digital money and crypto-assets , growth, investment and productivity
AB 10 Jul 2023 · Andrew Bailey Wiki · Bank of England Wiki New prospects for money Context Evening speech in London to the financial community, after the Chancellor's announcements; the Bank of England protects monetary stability and studies new forms of money.
Why it matters Bailey stresses confidence that all forms of money are worth the same.
Problems raised Potential growth has fallen since the financial crisis. Bank failures questioned trust in money. Inflation remains high. Solutions proposed Encourage productive investment. Preserve confidence in the singleness of money. Keep policy tight to bring inflation down. Read full speech on bis.org ↗ More from Andrew Bailey · Bank of England · all speeches
More speeches by Andrew Bailey Other leaders on inflation and price stability
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