Bank of England tells lenders to brace for economic storm

The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened since the start of the year and told banks to ramp up capital buffers to ensure they could weather the storm.

International institutions, such as the International Monetary Fund and OECD say Britain is more susceptible to recession and persistently high inflation than other Western…

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News Source: https://arynews.tv/bank-of-england-tells-lenders-to-brace-for-economic-storm/

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