LONDON, March 28 (Reuters) - Bank of England Governor
Andrew Bailey said on Tuesday the central bank would lower the
countercyclical capital buffer if it thought credit supply to
the economy was threatened.
Bailey told parliament's Treasury Committee the bank saw
some evidence of tightening in credit conditions but this was
not critical at the moment.
"What would we do if we if we felt that capacity to support
credit in the economy was compromised in any way or threatened?
Well, the first thing we do ... is to lower what we call the
CCyB, the countercyclical capital buffer," he said.
(Reporting by William Schomberg, Writing by Kylie MacLellan,
editing by Andy Bruce)
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