March 4, 2024

The British government revealed on June 21 that it would inject £1.2 billion ($1.6 billion) into the Bank of England. Governor Mark Carney called the agreement “groundbreaking”, saying it would provide important support for the central bank’s key policy objectives.

The agreement aims to increase the Bank of England’s independence, expand its ability to provide emergency liquidity and expand the boundaries of the central bank’s monetary policy.

“We now have a fit-for-purpose balance sheet and