June 3, 2020 / 12:21 PM / a month ago

Bank of England delays report on health of UK banks to Aug. 6

FILE PHOTO: People wearing masks walk past the Bank of England, as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 23, 2020. REUTERS/Toby Melville

LONDON (Reuters) - The Bank of England said on Wednesday it had delayed the publication of its regular assessment of the health of Britain’s banks, the Financial Stability Report (FSR), until Aug. 6 from a previous July 2 release date.

It cited last month’s publication of an interim version of the FSR which was released alongside a scenario suggesting economic output could return to pre-COVID levels next year, despite a 25% fall pencilled in for the current quarter.

Reporting by Andy Bruce; Editing by William Schomberg

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