Bank of England holds interest rates at 3.75% as inflation fears mount Split vote comes as Iran war is rekindled and oil price climbs close to $90 a barrel The Guardian - UK · Jul 30
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focus The Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensions, energy prices and a slowing labour market. Investors will track the central bank’s guidance on future rate moves. The Economic Times · Jul 30
Bank of England set to hold interest rates at 3.75% A number of economists have predicted another seven-to-two vote in favour of holding the current rate. Evening Standard · Jul 29
How Burnham’s team could reshape the Bank of England Taking a fresh look at the Bank’s role would send a strong signal that a Burnham government is prepared to do things differently The Guardian - UK · Jul 17
Bank of England governor would have put off Farage meeting had £5m gift been under investigation Exclusive: Andrew Bailey says he does not regret meeting Reform UK leader to discuss cryptocurrency regulation The Guardian - UK · Jul 15
Global Market: BoE governor calls for balanced banking rules, rejects deregulation push Bank of England Governor Andrew Bailey pushed back against broad calls for deregulation, arguing that effective financial rules are essential for maintaining stability and supporting long-term economic growth. He also renewed his call for greater international cooperation on regulating advanced AI models, warning that the technology's cross-border risks require coordinated… The Economic Times · Jul 15
Global cooperation needed to tackle AI threats, says Bank of England governor Andrew Bailey warns that US will not be able to achieve its ambitions alone The Guardian - UK · Jul 14
Bailey: City red tape should ‘flush out’ excessive bank profits but not cap them Andrew Bailey told City bosses that arguing for less regulation was ‘unhelpfully reductive’. Evening Standard · Jul 14
The UK wants to catch up in the global AI race – but is too wary to go all-in UK fears a ‘triple whammy’: oversized investment in AI stocks, slower adoption of AI than predicted and the breakneck pace of AI’s development The Guardian - US · Jul 14
‘Big issue’ for UK is low economic growth, Bank of England boss warns Burnham Andrew Bailey’s remarks come as the Labour MP is now guaranteed to be the successor of Sir Keir Starmer next week. Evening Standard · Jul 14
MPs vote on Hillsborough amendment as Starmer and Burnham address Commons – as it happened Outgoing prime minister opens third reading debate on the Hillsborough law bill The Guardian - UK · Jul 14
Bank of England governor says he is ‘able to spot’ lobbying after Farage crypto meeting Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leader UK politics live – latest updates The Guardian - UK · Jul 8
New Bank of England chief cashier to ‘lead work on new generation of banknotes’ Rhys Phillips will take up the role as the Bank of England’s chief cashier and director of notes in October. Evening Standard · Jul 6
‘They are another reminder of criminal activity designed to defraud people’: NatWest boss becomes latest City figure caught in AI social media scam Another top banking figure is the subject of a deepfake image designed to scam social media users TechRadar · Jul 6
The National (Scotland) · Jul 3 Nigel Farage reported to standards watchdog over 'crypto lobbying' amid £5m gift row REFORM UK leader Nigel Farage has been reported to a standards watchdog over claims he lobbied the Bank of England on crypto policy that could…
The Guardian - UK · Jul 2 Nigel Farage reported to standards watchdog over ‘crypto lobbying’ Commissioner asked to investigate Reform UK leader after private meeting with Bank of England governor
Evening Standard · Jul 2 FTSE 100 rises as US jobs data eases Fed rate hike fears The FTSE 100 closed up 174.53 points, 1.7%, at 10,652.87.
Evening Standard · Jul 1 New US central bank boss asserts political independence amid Trump pressure Kevin Warsh said there would be ‘no changes’ to the independence of the Federal Reserve amid pressure from Donald Trump.
Evening Standard · Jun 30 Bank of England boss insists it is ‘not complacent’ about tackling UK inflation Mr Bailey said he was ‘not happy’ that the rate of Consumer Prices Index (CPI) inflation was above the Bank’s 2% target.
Evening Standard · Jun 28 ‘I’m not trying to be a troublemaker’: Bank of England’s Huw Pill on rates split The chief economist said it was not an easy decision for him to go against the grain.
International Business Times UK · Jun 26 Republican Missouri Treasurer Resigns After Allegedly Using Grindr to Contact Underage Teen Benton County Treasurer Richard Renno resigned after facing felony charges related to using Grindr to communicate with a minor. The Attorney General sought his removal, citing public trust concerns.
The Independent UK · Jun 24 Nigel Farage referred to financial regulator over donations from crypto-billionaire Christopher Harbone has donated millions to the Reform UK leader and his party
The Economic Times · Jun 18 Bank of England votes 7-2 to hold rates at 3.75% The Bank of England has chosen to maintain interest rates at 3.75 percent, a decision that aligns with prevailing predictions among economists. Although consensus prevailed, a couple of policymakers pushed for a higher rate. As Governor Andrew Bailey notes, inflationary pressures are expected to rise, despite the prospect of a…
Euronews · Jun 18 Bank of England holds main interest rate at 3.75% as inflation steadies The Bank of England left its key interest rate unchanged at 3.75% for a fourth consecutive meeting after fresh data showed inflation holding steady and the labour market continuing to cool without a sharp deterioration.
The Independent UK · Jun 18 Bank of England holds interest rates at 3.75% but says inflation still to rise Policymakers nonetheless said that a recent fall in energy prices meant it was no longer expecting inflation to go as high as it was in April.