BoE’s Pill: Well capitalized banks help combat inflation
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Bank of England (BoE) Chief Economist Huw Pill made some comments on the UK banking system, in an appearance on Monday.
“The UK banking system is well capitalized.”
“Well-capitalized banks help combat inflation, though inflation is still far too high.”
GBP/USD is holding its recovery mode intact near 1.2315 on the above comments, losing 0.15% so far.
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