The Governor of the Bank of England, Andrew Bailey, has said the UK banking system is in a sound position and well placed to support the economy despite some global jitters.
The UK banking system is “resilient” and the main focus for the Bank of England remains tackling high inflation, its governor has said.
Andrew Bailey’s comments came as he told an audience at the London School of Economics this evening that he was not unduly worried by recent global jitters, which come following the high-profile tumultuous takeovers of Silicon Valley Bank and Credit Suisse.
Source : Bank of England Governor Andrew Bailey says UK banking sector is ‘resilient’