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EXPLAINED: 2 | Rare Historical Photos

Interest rates: Why did the Bank stick to 3.75% and what does it mean?

Here, the Press Association examines what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Bank of England holds interest rates but future cuts ‘likely’

It came as the central bank also warned that economic growth is now set to be weaker than previously expected.

Evening Standard

Why the Bank of England is holding rates despite a weakening economy

Rising unemployment and falling inflation made a strong case for a cut but Andrew Bailey opted to wait and see

The Guardian - UK

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Interest rates held at 3.75% as Bank cuts UK growth outlook

The central bank said it was keeping rates unchanged to make sure that inflation stays around its target level of 2%.

Evening Standard

How inflation rebound is set to affect UK interest rates

Most economists expect rates to be left unchanged when the Bank’s Monetary Policy Committee (MPC) announces its next decision later this week

The Independent UK

Iran’s central bank using vast quantities of cryptocurrency championed by Farage, says report

Regime appears to have turned to digital currency issued by Tether in the face of sanctions

The Guardian - UK

Bank of England must ‘be very alert’ to Trump tensions, says governor

However, Andrew Bailey also highlighted that financial markets have been ‘more muted’ in response to Donald Trump’s Greenland threats than expected.

Evening Standard

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Bank of England governor hits out at populism as Trump interferes in US Fed

Andrew Bailey says he and heads of other institutions have responsibility to ‘challenge back’ populist narratives

The Guardian - UK

Populism threatens the work of international agencies, Bank of England boss says

Andrew Bailey said the ‘rise of so-called populism makes the whole task harder’ for international agencies.

Evening Standard

Trump threatens to revoke citizenship of naturalized immigrants convicted of fraud - as it happened

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The Guardian - US

Bank of England governor in extraordinary clash with Donald Trump over future of America's top banker

Andrew Bailey signs statement with other central bankers backing US Federal Reserve chairman Jerome Powell

Evening Standard

Global central banks show ‘full solidarity’ to US Fed chairman after threats

Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support.

Evening Standard

Treasury has ‘limited grasp’ of concerns over booming shadow banking sector, peers say

Report says officials seem unprepared for potential risks that unregulated industry poses to UK financial stability

The Guardian - UK

AI is likely to replace jobs, Bank of England governor warns

Bank of England Governor warns that AI could replace some entry-level jobs, making it hard for younger workers to find jobs.

TechRadar

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The Independent UK

Bank of England governor likens rise of AI to modern Industrial Revolution

IN FULL

The Independent UK

Bank of England governor delivers warning over AI’s impact on jobs

International Business Times UK

FBI No 2 Official Dan Bongino to Leave Next Month Following Epstein and Jan 6 Conspiracy Claims

Dan Bongino has announced his resignation as FBI deputy director, ending a brief but turbulent tenure marked by clashes with the Justice Department and political controversy.

Evening Standard

Interest rates reduced to near three-year low but further cuts a ‘closer call’

Economists think the pace of interest rate cuts will slow next year as the Bank gets closer to what it deems a ‘neutral’ rate.

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news in one place.

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Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the Press Association looks at what the decision means and what the Bank of England expects to happen to the economy.

The Guardian - UK

Narrow Bank of England vote puts end of interest rate-cutting cycle in sight

Another reduction expected next year but monetary policy committee is deeply divided over inflation prospects

Evening Standard

Bank of England cuts interest rates to near three-year low

The Bank’s Monetary Policy Committee voted to reduce rates from 4% to 3.75%.

The Guardian - UK

More UK interest rate cuts expected in 2026 after Bank of England lowers borrowing costs to near three-year low – as it happened

Rolling coverage of the latest economic and financial news, as Bank of England governor Andrew Bailey switches vote – allowing rate cut today

The Independent UK

China sues after Missouri seeks to collect on $25 billion court judgement, prosecutor says

Missouri’s top prosecutor says China is suing after the state pressed federal officials for help collecting on a roughly $25 billion court judgment related to the COVID-19 pandemic

The Guardian - UK

Young people bearing brunt of UK jobs downturn, thinktank warns

Resolution Foundation report comes in week when data is expected to show October unemployment rise

Evening Standard

Bank of England lacked access to data to help with Covid-19 response – governor

Andrew Bailey told the UK Covid-19 Inquiry that policymakers would have benefited from having easier sight of data, such as universal credit.

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