The new Governor looks forward - Governors speech at the Lord Mayors dinner

Quarterly Bulletin 1983 Q4
Published on 01 December 1983

The Governor indicates some directions in which he hopes further progress can be made over the next five years. He discusses:

  • the need to maintain momentum on monetary policy and says ' ... you will find that I am no less dedicated to this aim than was my predecessor, and no less determined';
  • international collaboration to reduce exchange rate variability where ' ... countries should not overlook the implications for exchange rates of their [domestic} policies';
  • developments in financial markets, including the Stock Exchange where he hopes the continuing debate ' ... will keep prominently in mind the twin objectives ... assurance of a central market and investor protection'; and
  • the international debt situation where ' ... if we are to see healthy growth in the world as a whole, and in the developing countries in particular, there will be a need for considerably more non-bank finance than in recent years'.

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