Photographer: Matthew Lloyd/Bloomberg

Bank of England Signals It's Closer to Increasing Capital Buffer

  • U.K. is entering `normal phase' of credit cycle, Cunliffe says
  • BOE isn't softening stance on banks, deputy governor says

The Bank of England signaled it’s getting closer to using its power to force lenders to build up capital that can be used to support lending in an economic downturn.

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