BoE's Kohn: In many places monetary policy interest rates remains extremely accommodative
|Donald Kohn, External member, Financial Policy Committee, Bank of England, delivered his speech titled "Cooperation and coordination across policy domains," with key headlines found below:
- We need to implement and fine tune the post-crisis regulatory reforms. And in many places monetary policy interest rates remains extremely accommodative
- As we transition toward a more normal and sustainable posture for regulatory and monetary policies some of the tensions that called for policy coordination in recent years will abate.
- Monetary policy can contribute to financial stability by acting as gradually and as predictably as allowed by the evolving economic circumstances.
- A resilient financial system will enable monetary policy to continue to unwind the unconventional policies previously put in place.
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