Reform of Sterling Monetary Framework is ‘ongoing’, says BoE’s Salmon
Salmon highlights potential for sharia-compliant facilities
Reform of the Bank of England's (BoE's) Sterling Monetary Framework is "ongoing", executive director for markets Chris Salmon said today (July 13), as he set out possible future developments.
Addressing the Money Markets Liaison Committee in London, Salmon said the BoE would "consider the feasibility of offering sharia-compliant facilities" as part of its strategy to widen liquidity provision.
Moreover, he said, the BoE could "further bolster its flexibility by removing any technical obstacles
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