I have been in listening mode, and can now take some of the lessons learnt back to our deliberations at the Bank. I am not going to discuss those issues this evening – although I realise that they are important, as well as politically and economically sensitive.
And our Citizens Panel on the cost-of-living emphasised the distinctiveness of the retail energy market in Northern Ireland, which has been in focus of late given the sharp rises in utility bills. Through my discussions over the past couple of days, I have learnt about how Brexit has affected trading relationships on the island of Ireland and across the Irish Sea. The work of the Agencies provides a bridge between the Bank and the households, businesses and communities it serves. As a Welshman now working in Threadneedle Street, I appreciate that the Bank of England can appear a remote institution, apparently focused on the City of London and far away from the day-to-day concerns of people living elsewhere in the UK. The Bank’s Belfast Agency was set up in the late 1990s to ensure that developments in Northern Ireland were fully embodied in the Bank’s economic assessment. At a time when we are faced with uncertainty on many dimensions, that timely read can strongly influence our thinking, our analysis and, ultimately, our policy decisions. My colleagues on the MPC – as well as in other parts of the Bank – find this information invaluable in getting a timely read on the economy. Let me take this opportunity to thank you for all the time and effort you take to provide those insights. Many of you will know them as contacts of the Agency, feeding information about business developments and your own firms’ situation into the Bank’s decision making processes. I would also like to thank my colleagues Frances Hill and Gillian Anderson from the Bank of England’s Belfast Agency for putting together such a great agenda for my Northern Ireland visit. I owe thanks to Gordon Milligan and his IoD colleagues for their kind invitation. It is a great pleasure to speak at tonight’s annual dinner of the Institute of Directors in Northern Ireland.
Gross Domestic Product Real-Time Database The PRA’s statutory powers and enforcement
#Www mytime target com code#
Money Markets Committee and UK Money Markets Code Greening our Corporate Bond Purchase Scheme (CBPS) Operational resilience of the financial sector Financial market infrastructure supervision
0 kommentar(er)
