BOE’s Cunliffe: As tightening and QT starts, we’ll see a move out of risky assets

BOE’s Cunliffe: As tightening and QT starts, we’ll see a move out of risky assets

The comments from BOE MPC member Cunliffe mostly focus on crypto:

  • I don’t think we’re at a place where crypto is a systemic risk
  • There’s no intrinsic value around crypto assets
  • Watching the crypto world carefully
  • You never know for certain what can trigger a loss in confidence

The regulators are coming for stablecoins after what happened to UST.

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