whether credit began again to grow faster than GDP,regulators would act ‘sooner rather than later’, says Sir Jon CunliffeThe Bank of England should stagger quick to quash any rapid growth in credit, or one of its deputy governors has said.
Sir Jon Cunliffe told an audience of property developers that credit was growing at nearly the same rate as the economy after contracting in the years immediately after the banking crisis. Related: Market turmoil: European markets fall again after Japan's 5% rout – live updates Continue reading...
Source: theguardian.com