Financial Times FT.com

Bank of England warns of credit risks

By Delphine Strauss

Published: September 26 2007 11:39 | Last updated: September 26 2007 11:39

Economists warned of the heightened risks for corporate borrowers on Wednesday following the first release of the Bank of England’s new quarterly survey of UK credit conditions.

Commercial banks expect the turbulence in financial markets to affect the availability of corporate credit far more than their lending to households, the survey showed.

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