BOE’s Bailey: FPC will remain vigilant towards risks and debt vulnerabilities

The Bank of England (BOE) Governor Andrew Bailey

FPC will remain vigilant towards risks and debt vulnerabilities.

Businesses in weaker sectors will be more vulnerable to higher financing costs.

FPC continues to review calibration of mortgage market measures.

Asset valuations could adjust sharply if markets re-evaluate prospects for growth, inflation. or interest rates.

Reliance on small number of cloud service providers could lead to financial stability risks.