The Bank of England (BoE) has published a statement from the Financial Policy Committee (FPC) relating to its meeting on 22 March 2017. The FPC notes that the overall level of risk to UK financial stability is broadly unchanged since its last meeting but its assessment of the relative weight on the various risks has shifted somewhat. Policy uncertainty is high across a range of advanced economies.
The FPC also states that it is maintaining the UK countercyclical capital buffer (CCyB) rate at 0%, consistent with its July 2016 guidance that it would maintain the UK CCyB rate at 0% until at least June 2017.
View FPC statement from 22 March 2017 policy meeting, 27 March 2017