The third change is that we will introduce a speech each autumn by a member of Governing Council that will give an update on the Bank’s views about the evolution of the main vulnerabilities and risks to the financial system. This speech will draw from the analysis that is published on the hub.
The concept is similar to the regular economic progress report speeches that we have begun doing. We will also use our quarterly Monetary Policy Reports to discuss relevant financial system issues when they have a bearing on the outlook for economic growth and inflation.