Bank failures have had only a modest impact on UK banks’ wholesale funding costs to date, reflecting an assessment that lenders are in good health which we think seems fair. Greater investor scrutiny could still lead to more caution in mortgage lending, but as things stand we suspect that weak demand will continue to be the binding constraint on lending volumes.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.