BoE's Bailey: can't yet say if bank strains crimped UK credit

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 27 (Reuters) - Bank of England Governor Andrew Bailey said on Monday it was too soon to say if credit conditions in Britain had tightened in reaction to increased strains in the global banking system. Asked if the BoE had observed any impact so far, Bailey told Reuters: "Not in the last two weeks - it's too soon to see the ... data." "You can see very short-run ... facts but for monetary policy, you'd want a longer run." Bailey was speaking after delivering a speech at the London School of Economics. (Reporting by William Schomberg, writing by Andy Bruce, editing by Chris Reese)

Messaging: @brucereuters))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.