© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: BOC's Macklem Sticks To Message About Rate Pause

BOC REITERATES DETERMINED TO GET CPI ALL THE WAY BACK TO 2%

MNI: BOC Sees Stress Emerging Among Indebted Households

US EIA:NAT GAS STORAGE +99 BCF TO 2,240 BCF MAY 12 WK

MNI BRIEF: US April Existing Home Sales Slide 3.4% To 4.28M

EZ/UK Bond Supply Calendar: EU & UK to issue Monday

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

BOE: UK Banking system resilient, well capitalised

UK
MNI (London)
Homepagemarkets-real-timeBulletMarketsFixed Income NewsForeign Exchange News

The UK banking system remains well capitalized with large liquid asset buffers and remains well placed to support the economy through a wide range of economic scenarios, the Bank of England said Wednesday.

  • Credit conditions have tightened in recent months, but, the Financial Policy Committee see it largely as a reflection of the slower economy overall than in reaction to recent global bank stresses.
  • However, the FPC recognized some increase and cost and modest additional tightening of conditions in the last few weeks.
  • Tighter global financing conditions could weigh further on already struggling households, although the outlook is slightly improved, the FPC minutes suggest.
  • The CCYB will remain at 2%, seen as a neutral setting by the FPC, although the committee stands ready to amend in either direction as conditions evolve.
  • The next bank stress test will be published in July.

 

141 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The UK banking system remains well capitalized with large liquid asset buffers and remains well placed to support the economy through a wide range of economic scenarios, the Bank of England said Wednesday.

  • Credit conditions have tightened in recent months, but, the Financial Policy Committee see it largely as a reflection of the slower economy overall than in reaction to recent global bank stresses.
  • However, the FPC recognized some increase and cost and modest additional tightening of conditions in the last few weeks.
  • Tighter global financing conditions could weigh further on already struggling households, although the outlook is slightly improved, the FPC minutes suggest.
  • The CCYB will remain at 2%, seen as a neutral setting by the FPC, although the committee stands ready to amend in either direction as conditions evolve.
  • The next bank stress test will be published in July.