BoE ups capital buffers as consumer credit outstrips income


The Bank of England has raised its countercyclical capital buffer amid concerns on the rapid growth of consumer credit and possible effects stemming from the UK’s negotiations on Brexit.

The central bank raised the buffer from 0% to 0.5% today (June 27), and governor Mark Carney indicated during a press conference it would likely increase another 50 basis points when the financial policy committee (FPC) meets next, in November.

The BoE is keeping its attention on “pockets of risk” that could

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: