Then there is more work to be done in assessing the magnitude of liquidity and redemption risks, including the degree to which those risks vary with the type of assets and fund structure. And finally, we will need tools that will be efficient and effective responses to the risks identified.
Balancing the effective delivery of needed public investment in the current high-inflation environment will require careful management and prioritisation in other areas, in particular when it comes to choices regarding current expenditure and taxation.