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BOE: Not much of note from FPC Minutes

BOE
Bank of EnglandCentral Bank NewsCEEMEABulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

Not much of note from the FPC Records. Key paragraphs below, but no real market-impact here:

  • "There have been further signs of easing in UK credit conditions, reflecting improvements to the macroeconomic outlook. In aggregate, UK household and corporate borrowers remain resilient to the higher interest rate environment although some highly leveraged firms, including smaller and private equity backed businesses, remain under pressure."
  • "The UK banking system remains in a strong position to support households and businesses, even if economic and financial conditions were substantially worse than expected. The FPC decided to maintain the UK countercyclical capital buffer at its neutral rate of 2%."
  • "Markets remain susceptible to a sharp correction, which could affect the cost and availability of credit to UK households and businesses, with investors sensitive to short term developments in a challenging global risk environment. Global vulnerabilities remain material, as does uncertainty around the geopolitical environment and global outlook."
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Not much of note from the FPC Records. Key paragraphs below, but no real market-impact here:

  • "There have been further signs of easing in UK credit conditions, reflecting improvements to the macroeconomic outlook. In aggregate, UK household and corporate borrowers remain resilient to the higher interest rate environment although some highly leveraged firms, including smaller and private equity backed businesses, remain under pressure."
  • "The UK banking system remains in a strong position to support households and businesses, even if economic and financial conditions were substantially worse than expected. The FPC decided to maintain the UK countercyclical capital buffer at its neutral rate of 2%."
  • "Markets remain susceptible to a sharp correction, which could affect the cost and availability of credit to UK households and businesses, with investors sensitive to short term developments in a challenging global risk environment. Global vulnerabilities remain material, as does uncertainty around the geopolitical environment and global outlook."