Some have voiced the concern that warnings from European officials towards businesses, including financial institutions, currently operating out of the UK to prepare for a hard Brexit could be an attempt to lure business and jobs to the EU27. I want to make crystal clear that this is not 4/5  BIS central bankers' speeches  our intention.
5  Let us note that the current accommodative monetary policy and its effectiveness should not be used as an excuse to delay necessary structural reforms. 6  “Structural Perspectives on European Employment: The Role of Innovation and Growth”, Sir Christopher Pissarides, Professor, London School of Economics and University of Cyprus, Paper presented at the ECB Forum on Central Banking, Sintra, 22 May 2015.