
英国央行行长贝利表示,全球金融体系依然具有韧性,但他警告称,增长放缓、反复出现的供应冲击以及不断演变的金融市场结构带来了新的长期挑战。
Bank of England Governor Andrew Bailey said the global financial system remains resilient but warned that lower growth, repeated supply shocks and evolving market structures pose new long-term challenges.
英国央行行长贝利周四在伊斯坦布尔经济论坛上表示,全球金融体系成功经受住了近期不确定时期的考验,流动性和交易状况未出现重大崩溃。
The global financial system successfully withstood recent periods of uncertainty without major breakdowns in liquidity or trading conditions, Bank of England Governor Andrew Bailey said on Thursday at the Istanbul Economic Forum.
此次为期两天的论坛由土耳其共和国中央银行主办,旨在通过汇集包括美国和英国在内的全球央行行长及高级决策者,共同应对全球经济政策挑战。
The two-day forum was organized by the Central Bank of the Republic of Türkiye to address global economic policy challenges by gathering central bank governors and high-level policymakers from around the world, including the US and the UK.
贝利指出,世界经济目前面临着源于中东冲突以及主权债务市场和资产估值脆弱性的重大不确定性。
Bailey noted that the world economy currently faces major uncertainties stemming from conflicts in the Middle East alongside vulnerabilities in sovereign debt markets and asset valuations.
他警告称,人工智能融资的快速扩张带来了新的风险敞口,尽管人工智能同时也带来了潜在的增长红利。
He warned that the rapid expansion of artificial intelligence financing created new exposures, even though AI also presented potential growth dividends.
这位行长强调,潜在增长疲软以及新冠疫情和俄罗斯入侵乌克兰等频繁出现的负面供应冲击,破坏了经济的供给能力。
The governor emphasized that weaker potential growth and frequent negative supply shocks, such as the Covid pandemic and Russia's invasion of Ukraine, disrupted economic supply capacities.
他指出,负面供应冲击导致通胀和产出背道而驰,这给货币政策带来了巨大困难。
He pointed out that negative supply shocks pushed inflation and output in opposite directions, which created significant difficulties for monetary policy.
贝利补充说,各国央行必须做出前瞻性判断,并随着证据的变化及时更新,以防止暂时性冲击演变为持续性通胀。
Central banks must make forward-looking judgments and update them as evidence changes to prevent temporary shocks from becoming persistent inflation, Bailey added.
他表示,强大的银行体系和稳健的企业资产负债表为决策者提供了必要的空间,使其能够在不引发金融崩溃的情况下应对危机。
He stated that strong banks and solid corporate balance sheets give policymakers the necessary room to respond to crises without triggering financial collapses.
贝利强调,增长放缓和反复出现的供应冲击削弱了公共财政,并增加了政府提供支持的压力。
Bailey highlighted that lower growth and repeated supply shocks weakened public finances and increased pressure on governments to provide support.
他观察到,全球政府债券市场发生了深刻变化,杠杆投资者目前所扮演的角色已远超传统的长期投资者。
He observed that global government bond markets changed profoundly as leveraged investors now play a much larger role than traditional long-term investors.
他解释说,这种新的市场结构提高了吸收政府债务的能力,但也带来了更大的脆弱性,因为一个市场的去杠杆化可能会迅速蔓延到其他市场。
This new market structure increased the capacity to absorb government debt but also brought greater fragility since deleveraging in one market can spread quickly to others, he explained.
贝利呼吁采取旨在追求可持续增长并维护可信货币和财政框架的政策。
Bailey called for policies that pursue sustainable growth and maintain credible monetary and fiscal frameworks.
他强调,如果当局能够安全地部署人工智能和机器人技术,它们将能够推动科学发现并提升繁荣水平。
He stressed that artificial intelligence and robotics can drive scientific discovery and raise prosperity if authorities deploy them safely.
行长最后总结道,金融市场必须提高其核心韧性,以便在吸收未来冲击的同时不将其放大。
The governor concluded that financial markets must improve their core resilience to absorb future shocks without amplifying them.