Pace of UK GDP Decline Easing, Says BOE Financial Stability Report

The pace of GDP deterioration in the UK is easing, according to the Bank of England’s monthly Financial Stability Report released just minutes ago. In it, the bank added that the negative pressure put onto the globe’s major private banks have stabilized. Still, the BOE sees the economic downturn as the biggest risk to stability, hinting that inflation has yet to grip the minds of the bank.