“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise as much as it would have otherwise to achieve our goals.”
UK plans to ban use of credit score for Bitcoin, crypto purchases as debt dangers develop
Key Takeaways The UK FCA proposes to ban bank card use for buying Bitcoin to mitigate client debt dangers. The...
