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Here comes the Bank of England's stability report...

Oscar Williams-Grut   

Here comes the Bank of England's stability report...
Finance2 min read

The governor of the Bank of England Mark Carney gives a press conference, his first since the leave result of the European Union referendum, at the Bank of England in the City of London, Britain Thursday, June 30, 2016.

REUTERS/Matt Dunham/Pool

Bank of England Governor Mark Carney.

The Bank of England will publish its latest financial stability report at 10.30 a.m. BST (5.30 a.m. ET) on Tuesday.

The bi-annual report looks at the financial health of Britain and assesses any changes to the outlook since the last report.

Last November's report signalled an improving global economy, but fears of increasing cyber attacks and a faltering Asian economy affecting outlook.

This will be the first report since Britain opted for a Brexit - a British exit from the European Union - so it will be interesting to see what the central bank says about this decision. Governor Mark Carney has previously warned that a Leave vote could tip the UK into recession. However, given how close the Brexit decision came to the publication of the report, it may not be explored in much detail.

Carney will answer questions on the report from the press at 11.00 a.m. BST (6.00 a.m. ET). Business Insider reporter Will Martin will be reporting from Threadneedle Street.

The Governor reassured markets shortly after the Brexit vote that the Bank is ready to inject £250 million ($328 million) of liquidity to keep everything on an even keel. Many market watchers expect Carney to outline in his press conference more details as to how he will do this.

Connor Campbell, a financial analyst at SpreadEx, says in an emailed statement this morning: "Focus will likely more be on Mark Carney's post-report speech than the financial stability results themselves, with some thinking that the Bank of England chief could use this opportunity to announce measures that relax the amount of capital banks have to hold."

Michael van Dulken, head of research at Accendo Markets, agrees, saying he expects "details about how it plans to ease the capital burden on banks, to keep financing alive for businesses and households and the economic consumer and business confidence ball up in the air."

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