Stability in this context refers to the volatility of output growth. She also discusses recent economic performance and prospects for the UK economy.
Ms Barker says: “…the relative stability of the macroeconomy is not necessarily repeated at the level of the individual firm.” Drawing on Bank of England research, she observes: “…preliminary work suggests that the ‘Great Stability’ of the UK economy since the inception of inflation targeting has not been reflected at the level of individual firms – and indeed that in the UK individual firms may have seen increased volatility for sales and for profits.”
Press release