The Bank of England will keep the identities of pension funds, insurers, and hedge funds receiving bailouts under a new financial stability tool confidential. Deputy Governor Dave Ramsden emphasized that disclosing too much information could lead to stigma, undermining rescue efforts and potentially increasing financial instability.
Bank of England Deputy Governor Dave Ramsden indicated he might support quicker interest rate cuts if economic uncertainty diminishes in the coming months. Despite October's inflation rising above the BOE's 2% target, he anticipates a trend toward low and stable inflation as the economy normalizes.
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