Bank of England deputy governor says impairments rising among UK lenders

In August, the Bank of England increased interest rates for the 14th time in a row.
The British banking sector is seeing a rise in impairments amid rising inflation and ensuing interest rate hikes, according to Bank of England Deputy Governor Sam Woods.
In a bid to tame runaway inflation, the central bank has hiked its main interest rate from 0.1% in December 2021 to a…

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