Bank balances set to stay above pre-crisis levels: Fisher
Paul Fisher, the Bank of England's executive director for markets, said on Thursday that he expects the central bank's balance sheet to remain above its pre-crisis level.
The size of the Bank's balance sheet has risen from about 4% of nominal GDP before the crisis to more than 16%. Fisher said the balance sheet was likely to fall from its pre-crisis levels as the Bank began selling assets back to the market as funding conditions ease.
However, Fisher said the balance sheet was set to remain
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