Bank of England releases GBP 150 billion to the UK economy by lowering bank capital buffers
The Bank of England today released its Financial Stability Report for July 2016. While an important document itself, the Bank also announced policy measures to release GBP 150 billion to the UK economy by lowering bank capital buffers. BofE Governor Mark Carney said that this money will not be distributed to shareholders but can only be lent to UK businesses. Carney was optimistic that the Bank has a plan to support the UK, they are implementing the plan, and it is working.