Bank of England Governor Andrew Bailey said regulators and financial service firms must work together so businesses are able to get the finance they need to invest for the future.

At the CityUK National Conference, held on Tuesday, Bailey talked about the long-term effects of Covid-19 and the investment required to support the recovery.

Heightened uncertainty about the future tends to have negative effect on investment. Both Covid and the process of setting the future relationship with the EU have increased uncertainty, he noted.

Since the release of the Monetary Policy Report, there have been encouraging news on the vaccine front.

“If we can now see some light at the end of the tunnel, we need to focus more on important questions about how our economies will look in the future, how we want them to look, what will be the legacy of Covid, and what we can do to support and prioritise any necessary more structural changes,” said Bailey.

He observed that while there appears to be no shortage of aggregate saving, investment is weak in the UK.

As well as maintaining interest rates which are consistent with achieving the inflation target, quantitative easing at a time like this can prevent an unwarranted tightening in financial conditions, Bailey said.

“At the Bank, we are emphasising work on the supply of finance for productive investment, which is important for long-term growth and for financial stability,” the governor added.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.