So it’s clear that these extraordinary facilities are no longer required. Rest assured, though, that the Bank will be ready to reactivate any of these market programs should severely stressed market conditions ever re-emerge. Where the Bank’s balance sheet stands now As I said at the outset, our facilities and purchases of financial assets have grown the Bank’s balance sheet considerably.
It now stands at close to $ billion, more than four times bigger than before the pandemic, when it was $ billion (Chart 1).