The Bank of England has told lenders to prepare for a 'deteriorated economic outlook' and predicted that increases in house prices would slow down later this year
The Bank said lenders still have strong capital ratios but they are expected to decline slightly in the coming quarters.
To help banks ensure they have the resilience needed, an increase in their countercyclical capital buffer rate was confirmed from 1% to 2% from July 2023. Mr Bailey said the Monetary Policy Committee was prepared to change the rate"depending on how risks develop". The Bank reiterated previous concerns that lending to businesses with higher debt burdens, including in the US, could be a particular risk to the UK financial system.
Belgique Dernières Nouvelles, Belgique Actualités
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