He notes that ".fire prevention is better than firefighting. We cannot justify having a banking system that depends on the use of public money to douse the fire when the crisis comes. And we also cannot allow conditions to exist where risks are taken on the basis that this backstop exists."
Published on 17 November 2009
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release