Bank of England tells lenders to brace for economic storm
LONDON, July 5 (Reuters) - The Bank of England warned on Tuesday that the economic outlook for Britain and the world had darkened and told banks to ramp up capital buffers to ensure they can weather the storm.
"The economic outlook for the UK and globally has deteriorated materially," the BoE said as it published its latest Financial Stability Report, adding that developments around the war in Ukraine would be a key factor.
