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BOE's FPC says UK banking system 'resilient'

UK
MNI (London)

The UK's banking system is resilient and remains well placed to continue supporting the economy in a wide range of economic scenarios, including in a period of higher interest rates, the MPC noted, citing a briefing by the Bank's Financial Policy Committee.

  • The FPC said the UK banking system maintains robust capital and strong liquidity positions.
  • The MPC said it will continue to monitor closely any effects on credit conditions faced by households and businesses.

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