{"id":143685,"date":"2024-12-01T13:00:04","date_gmt":"2024-12-01T11:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143685"},"modified":"2024-12-01T12:58:01","modified_gmt":"2024-12-01T10:58:01","slug":"bank-of-england-warns-trade-barriers-threaten-global-stability","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bank-of-england-warns-trade-barriers-threaten-global-stability\/","title":{"rendered":"Bank of England Warns Trade Barriers Threaten Global Stability"},"content":{"rendered":"

These barriers are driving up borrowing costs for households and businesses, adding pressure to already volatile financial markets.<\/p>\n

The BoE highlighted<\/a> <\/strong>a worrying decline in international financial cooperation, which it says could weaken the global system\u2019s ability to handle future crises. Governor Andrew Bailey emphasized the growing threat of economic fragmentation, particularly for the UK, a nation heavily reliant on trade. While banks and households remain stable for now, the report flagged vulnerabilities like soaring public debt and unpredictable markets.<\/p>\n

Tensions have also surfaced between the government and the BoE over regulation. Finance Minister Rachel Reeves accused the central bank of stifling growth, but Bailey dismissed this, insisting financial stability is essential. Still, the BoE plans to reduce the frequency of stress tests for banks starting in 2025.<\/p>\n