About the speech
Central banks can use their balance sheets to support not just monetary policy, but also financial stability objectives.
The focus of the speech is on how we can think of the central bank’s balance sheet as a tool for financial stability and to outline some of the recent steps we’ve taken to strengthen our balance sheet for that purpose, in particular in the area of foreign reserves.
This speech is not a Monetary Policy Committee communication and contains no guidance on the future path of monetary policy. You can find the latest views of the MPC in our recently published Monetary Policy Review.