BOE governor Bailey: We are very supportive of growth ...Middle East

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BOE governor Bailey: We are very supportive of growth
There is no trade off between financial stability and growthStress testing will help with competitiveness of financial sectorNot seeing signs of higher corporate distress in relation to the budgetHave to watch for how the effects of the budget will pass throughBOE has sought to deliver financial stability while also supporting the economy (Breeden)We do not consider motor finance to be a risk to financial stability (Woods)For those interested, the full results of the stress testing on the financial system can be found here. This article was written by Justin Low at www.forexlive.com.

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