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The Latest Breaking News from Andrew Bailey

FTSE 100’s early promise fades as Bank of England holds rates

The FTSE 100 Index closed down 11.14 points at 10,897.27.

Evening Standard

Why have interest rates stayed the same and what could happen next?

The Bank of England decided to keep rates unchanged at 3.75%, the fifth meeting in a row where rates have been held at this level.

Evening Standard

Interest rates held at 3.75% but Bank prepared to raise them if Iran war goes on

The Bank of England indicated that interest rates could be hiked in response to further re-escalation of the US-Israel’s conflict with Iran.

Evening Standard

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Bank of England policymakers keep rates on hold but more back hike

The Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possible hike amid rising tensions in the Middle East. With inflation expected to touch 3.2 percent later this year, projections indicate that rates will stay above target until…

The Economic Times

Bank holds interest rates as energy and memory chips set to lift inflation

A majority of the central bank’s nine-strong Monetary Policy Committee voted in favour of keeping interest rates at 3.75%.

Evening Standard

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

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

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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

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

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

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

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

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

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

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Evening Standard

‘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.

The Guardian - UK

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

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

Evening Standard

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.

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TechRadar

‘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

The National (Scotland)

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

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

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

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

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

‘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.

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