Some of these measures are expediencies taken in the midst of a crisis and elements may need to be adjusted later to support a more permanent solution. 4 For example banks have been provided with considerable liquidity support to reflect the scale of the funding pressures. The broader intent has been to grease the wheels of the financial system.
Thirdly, let me repeat the message I made at my opening remark. This same message I note is again highlighted in the Prime Minister’s speech, this afternoon.