1. Executive summary: The FPC’s 2017 Q2 UK countercyclical capital buffer rate decision

2. Chart A Credit directly financed by the banking system has grown broadly in line with nominal GDP over the past two years
Growth in credit to households and firms compared with nominal GDP growth
Sources: ONS and Bank calculations.
Quarterly twelve-month growth rate of monetary financial institutions’ sterling net lending to private non-financial corporations and households (in per cent) seasonally adjusted.
Twelve-month growth rate of nominal GDP.