British banks can withstand pandemic fallout on economy - BoE
Share:
LONDON (Reuters) - A stress test has shown that Britain's top banks and building societies could keep lending to an economy that shrinks by almost 30% in the coronavirus pandemic, the Bank of England said on Thursday.Separately, the BoE held off from further stimulus measures but said it was ready to take more action to counter Britain's biggest economic slump in over 300 years.The BoE's interim Financial Stability Report (FSR) said its "desk top" stress test was based on an economic scenario..