BoE Financial Stability Report (July): will raise the counter-cyclical capital buffer rate to 2% in July 2023

• Is prepared to adjust counter-cyclical capital buffer rate in either direction.
• 2022 stress tests will start in September with results due mid-2023.
• Risky assets remain vulnerable to sharp adjustments.
• Falling crypto markets expose vulnerability but not stability risk overall.
• UK house price growth is expected to slow later 2022 and 2023.

Via BoE