BoE Reduces Bank Capital to Facilitate Lending and Economic Growth

The Bank of England (BoE) has lowered capital requirements for UK banks, a move aimed at stimulating lending and supporting economic growth. This is the first reduction in these requirements since the 2008 financial crisis. The adjustment will result in lower reserve requirements for banks, allowing them to lend more freely. The decision comes as part of broader efforts to ease regulations designed to prevent excessive risk-taking following the global financial turmoil.