BoE’s Fisher details progress on ‘funding for lending’ scheme
Paul Fisher, a member of the Bank of England's Monetary Policy Committee, today (September 25) presented the initial enlistment in the central bank's funding for lending scheme (FLS), and was optimistic about the participation of the banking sector.
Speaking at Richmond University in London, Fisher said it is "very much a finger in the air" in terms of gauging the likely results of the scheme, as the overall stock of lending will depend on events that occur during the next eighteen-month. But he
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