Bank of England Governor Andrew Bailey stated on Friday that policymakers are highly supportive of economic growth, emphasising that there is no trade-off between financial stability and economic expansion.
He also highlighted that stress testing measures are instrumental in enhancing the competitiveness of the financial sector.
In addition, Bailey noted that there are no significant indications of increased corporate distress linked to the recent budget while underlining the importance of monitoring how the budget's effects will pass through.
Bailey also acknowledged that geopolitical risk remains elevated and stressed that the BoE should be ready to deal with bond market moves.