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The Latest Breaking News from Andrew Bailey

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.

International Business Times UK

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 Independent UK

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…

The Economic Times

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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.

Euronews

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.

The Independent UK

Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor

Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrency

The Guardian - UK

Bank of England boss defends Government bond-selling policy against critics

Andrew Bailey said the process of offloading debt was giving the Bank capacity to defend against future economic shocks.

Evening Standard

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Vietnam busts group planning large-scale online scam centre

HANOI — Vietnamese police have busted a group suspected of trying to establish a large-scale online ‌scam centre in the country, authorities said on Friday, as criminal networks spread their operations across Southeast Asia.

Bangkok Post

Nigel Farage Slams Deepfake X Ads Claiming He Fought Bank of England's Andrew Bailey

Nigel Farage condemns AI-generated deepfake adverts falsely portraying him confronting Bank of England governor Andrew Bailey, underscoring rising concerns over online fraud and digital deception.

International Business Times UK

Bank of England warns of AI scams as deepfakes of Farage-Bailey fight spread

Governor urges people to report videos on X that falsely show the men clashing in the Question Time studio

The Guardian - UK

Nigel Farage speaks out over deepfake X adverts featuring him fighting Bank of England governor Andrew Bailey

The posts have circulated on X falsely claim Farage confronted Mr Bailey on the BBC’s Question Time

The Independent UK

Nigel Farage hits out at X deepfakes showing him brawling with Bank of England governor on Question Time

Fake images have circulated on X which link to articles that falsely claim Mr Farage confronted Mr Bailey on the BBC’s Question Time

Evening Standard

Nigel Farage and Andrew Bailey condemn deepfake social media posts of them fighting

NIGEL Farage and Bank of England governor Andrew Bailey have condemned deepfake social media adverts showing the two men fighting

The National (Scotland)

Bank defends idea to replace banknote historical figures with dolphins and owls

Animal include dolphin, a fox, a butterfly, an owl, a bumblebee, and a shark

The Independent UK

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International Business Times UK

Churchill Won't Be on UK Banknotes for Long: Hedgehogs and Puffins Could Replace Historic Icons

The Bank of England is hosting a vote on 18 native wildlife to replace historical figures on £5, £10, £20, and £50 notes — the first redesign without a Briton since 1970, to boost security and celebrate UK biodiversity.

The Economic Times

Global Market: BoE Governor Bailey stresses need to restore inflation credibility as price risks persist

Bank of England Governor Andrew Bailey emphasized maintaining public confidence in the 2% inflation target, rejecting calls to raise the goal despite current inflation exceeding projections. While acknowledging geopolitical impacts, he noted potential for energy shocks to be less persistent than feared, as market expectations for rate hikes remain cautious.

The Independent UK

Dolphins, foxes and butterflies among animals which could feature on new UK banknotes

The new designs will replace historical figures such as Winston Churchill, who have featured on banknotes since 2016

Evening Standard

Inflation target should not be increased, says Bank governor

Andrew Bailey he believes inflation would currently be at the 2% target level were it not for the conflict in the Middle East.

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The Economic Times

UK banks still lack access to Mythos AI model, Bank of England governor says

Bailey, speaking to Bloomberg TV, said Anthropic was willing to share ‌the models on ⁠a ⁠trial basis but there appeared to be a political hold-up.

The Guardian - UK

Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty

Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor says

Evening Standard

Bank of England can tolerate inflation above 2% target, says Bailey

Andrew Bailey told an audience in Reykjavik, Iceland, that reacting too early to inflation concerns ‘may generate undesirable volatility’.

The Guardian - UK

Britain’s politicians need to worry less about the bond markets – and more about the Bank of England

A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative change, says academic Daniela Gabor

The Independent UK

Andy Burnham latest: Vote for me is a vote to change Labour, Manchester mayor tells Makerfield as he unveils slogan

Recent polling has shown that Mr Burnham would comfortably win among Labour members in a leadership contest

Evening Standard

We may have cut interest rates twice this year if not for Iran war – Bank chief

Bank of England governor Andrew Bailey told MPs on the Treasury Committee that a rate cut had been taken off the table following the conflict.

The Independent UK

Bank of England governor says food price freezes are ‘unsustainable’

The Iran conflict has been the ‘dominating change in the landscape’ for the economy, Andrew Bailey said

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