The Latest Breaking News from Andrew Bailey

Rolling coverage of the latest economic and financial news, as prospect of several interest rate cuts this year boosts shares but weighs on the pound

The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.

Even as they attack the Biden administration's crusade against "misinformation," Missouri and Louisiana defend legal restrictions on content moderation.

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

It is the sort of discovery that never seems to occur in Lincolnshire. Recently, it was revealed that a toxic, shrinking lake in southern California has even more lithium dissolved deep beneath its surface than previously thought. Enough, in fact, to produce the equivalent of nearly 400 million electric vehicle batteries.…

Well, that was quick. Bank of England governor Andrew Bailey appeared in front of Parliament today and declared, if not quite that happy days are here again, then that the recession isn't all that bad and might, in fact, already be over.

Bank’s governor predicts Britain’s economy will receive a boost when interest rates start to fall later this year

Britain’s economy is already showing “distinct signs of an upturn” after slipping into recession at the end of last year, the Bank of England’s governor said on Tuesday.

City Comment: If big investors don’t fancy NatWest shares at the current price, why should we?