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UK bank buffer will stay at zero until at least end of 2022 to avoid dividend curbs, BOE says

By Fiona Maxwell ( December 11, 2020, 08:21 GMT | Insight) -- A key capital buffer for UK banks will stay at zero percent until at least the end of 2022, the Bank of England said today as it sought to dispel fears that lenders' distributions would suffer if they tap their buffers. “Cutting support to the economy to avoid the use of capital buffers would be costly for the wider economy and consequently for the banks themselves,” it said.A key capital buffer for UK banks will stay at zero percent until at least the end of 2022, the Bank of England said today as it sought to dispel fears that lenders' distributions would suffer if they tap their buffers....

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