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BOE: Record of FPC Meetings held on 23 and 29 November 2016
At its meetings on 23 and 29 November 2016, the Financial Policy Committee (FPC): Maintained the UK countercyclical capital buffer (CCyB) rate at 0%, and reaffirmed that it expected to maintain a UK CCyB rate at 0% until at least June 2017, absent any material change in the outlook. It continued to support the clear supervisory expectation of the Board of the Prudential Regulation Authority (PRA) that firms should not increase dividends and other distributions as a result of the UK CCyB rate being maintained at 0%. Reviewed and agreed to maintain without change the Recommendations that it had made in June 2014 to ... (full story)