BoE committee sees benefits of moving CCB in small steps
Financial Policy Committee leaves counter-cyclical capital buffer at 0%
The Bank of England's Financial Policy Committee discussed the benefits of raising the counter-cyclical capital buffer in "smaller increments" when the time comes, according to minutes released today (October 1) from a meeting last week.
Given the continuing unstable outlook for financial stability, the committee decided to leave the rate at 0%, but acknowledged the "system was moving into a normal phase of the credit cycle".
"That should be reflected in the committee's consideration," the
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