BOE’s dep gov for financial stability Sir Jon Cunliffe up to the rostrum
GBP finding a bit of comfort on the news but all got to be kept in context.
– wouldn’t bet on a rise in sustainable credit/GDP
Somewhat takes the sting out of the header and supports my long held view that household debt is/should be a major issue/concern for the BOE.
BOE’s Cunliffe says there’s a case for MPC action if credit grows faster than GDP
