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The Bank of England's Balance Sheet: Monetary Policy and Liquidity Provision During the Financial Crisis - Speech by Paul Fisher
In a speech made today at the Professional Pensions Show in London, Paul Fisher - Executive Director Markets and member of the Monetary Policy Committee - uses the Bank of England's balance sheet as a framework to describe the innovative operations undertaken by the Bank during the financial crisis.
Published on
19 November 2009
Paul Fisher notes that the Bank of England's support for the economy had been "truly, historically massive - both in terms of liquidity insurance and operations and monetary policy." The balance sheet had expanded to as large a size as at any time in the past two hundred years, and the pace of change had been "unprecedented".
Press release