BoE FPC: maintains CCyB rate at its neutral setting of 2%; notes substantial increase in the use of leverage in equity markets; on some metrics, [equity] valuations have also become more stretched; UK banking system remains appropriately capitalised
Newsquawk Staff ·
- Developments in the Middle East have affected the global risk environment materially. Despite this, the UK financial system has remained resilient and has continued to support the UK real economy, emphasising the benefits of the resilience that has been built.
- Recent rapid advances in frontier Artificial Intelligence capabilities have increased financial stability risks related to cyber and operational resilience.
- Risky credit markets, including private credit, remain vulnerable to a tightening in financing conditions.
Sources
- US Market Wrap: Stocks gain as tech earnings begin
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran
- Newsquawk European Market Wrap - 21st October 2026
- Canadian PM Carney is expected to announce tariff support measures for the steel and automotive sectors
- [MARKET ANALYSIS] DXY holds steady; AUD benefits after hawkish commentary from RBA's Hauser, whilst GBP digests UK CPI
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