Higher interest rates no ‘immediate threat' to UK banks, says FPC

The Bank of England

Higher interest rates in the UK prompted by false expectations of a taper of the Federal Reserve's asset purchasing programme in September did not significantly impact financial institutions, but have underlined the importance of banks ensuring they are not overly exposed to a sharp correction in interest rates or credit spreads, the Bank of England's (BoE) Financial Policy Committee (FPC) said in a statement yesterday.

Preliminary results of an assessment by the FPC of the vulnerability of borr

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