BOE FPC statement from 20 Sept meeting
– Latest stress test results to be published in November
– The financial system has demonstrated resilience to spikes in uncertainty and risk aversion. Core financial markets functioned effectively despite initial sharp price moves and particularly high volumes of transactions relative to normal levels in some markets. Bank funding conditions remained broadly stable.
The concerns over the level of household debt is a timely reminder of the tough road ahead.
BOE FPC: Outlook for financial stability within the UK post- Brexit remains “challenging”
