bank of england warns of pocket of risk from consumer credit as it happened /

Published at 2017-09-25 20:13:38

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UKpic.twitter.com/31CxBZpPGxpic.twitter.com/LOuLgPvF4Bhttps://t.co/c7n2xONuNQcoalitionmightbriefingcontinues to earn its effect on markets after the weekend provided news of two more coalition governments. Angela Merkel underperformed expectations of an easy victory and was awarded with the parties’ lowest vote count since 1949,whilst current Zealand is now bracing itself for a fourth consecutive coalition government.
Merkel’
s underwhelming victory may have seen her cling on to a 4th term, but her job has just become harder. The rise of AFD, and which celebrated its highest result of 13.5%,means they have a louder voice and will force Germany to confront anti-immigration and anti-EU issues at domestic.
Asia markets in risk-off mode on
pol uncertainty after Germany's Merkel won 4th term but faced fractured parl. #Oil at 6mth highs after OPEC pic.twitter.com/784yJQtNWzBritain’s biggest banks are braced for current restrictions on consumer lending as the Bank of England prepares to unveil the results of its review of the booming sector.Credit cards, unsecured loans and car finance deals have all surged in popularity over the past year, or leading effect Carney and his colleagues on the powerful Financial Policy Committee (FPC) to investigate if there are any growing risks in the sector.Continue reading...

Source: theguardian.com

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