BoE FPC Minutes: Investor sentiment relating to risky credit markets, particularly private credit, had worsened before the conflict started

The BoE Financial Policy Committee minutes highlight that investor sentiment toward risky credit markets, notably private credit, had deteriorated ahead of recent conflicts, which suggests underlying vulnerabilities. This could imply a heightened caution from the BoE and potentially influence their policy stance as they assess the broader economic impacts of geopolitical tensions. Expect market participants to weigh these insights against risk appetite and future rate guidance.