Fisher: Bank special liquidity scheme will not be extended
Paul Fisher, the executive director of markets and a member of the Monetary Policy Committee at the Bank of England, on Thursday described the liquidity operations undertaken by the Bank over the past three years and their effects on financial stability.
With regards to the Bank's most recent liquidity provisions, such as the introduction of indexed long-term repos in June 2010, he said: "The Bank must ensure that it guards against moral hazard, by setting the incentives in such a way that
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