Financial Stability and Low for Long - speech by Jon Cunliffe

Jon Cunliffe looks at the impact of low, long-term interest rates on financial stability, and what it means for monetary policy.

He says these ‘low for long’ rates pose these challenges:

• pressure on the resilience of the financial sector
• increased leverage among households and businesses
• a risk of more severe economic downturns

Financial Stability and Low for Long

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