BOE governor Bailey: We are very supportive of growth

• There is no trade off between financial stability and growth
• Stress testing will help with competitiveness of financial sector
• Not seeing signs of higher corporate distress in relation to the budget
• Have to watch for how the effects of the budget will pass through
• BOE 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.