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BOE relaxes bank rules as Brexit risks 'crystallise'

But Mr Carney stops short of repeating the threat of a possible recession
Wednesday, July 6, 2016 - 05:50

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"The bank can be expected to take whatever action is needed to promote monetary and financial stability, and as a consequence, support the real economy." - BOE governor Mark Carney

London

THE Bank of England (BOE) on Tuesday relaxed commercial banks' capital requirements to boost lending to businesses and households, and warned that financial stability risks "have begun to crystallise" after Brexit.

The British central bank announced it has cut its so-called

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