A rate rise is the right decision, but stop blaming Iran Opinion The Bank of England’s unanimous decision to raise interest rates to four per cent reflects serious concerns over persistent inflation, not just external shocks. The government most now address root cost issues rather than blaming external factors like the war in Iran, says Emmanuel Igwe The war in Iran has been central to the Bank [...]
Why the Bank of England’s united interest rate hike signals more to come Economics Comments from members of the Bank of England’s rate-setting committee suggest more interest rate hikes are on the way, writes Mauricio Alencar. ‘Stands to ready to act’ was the Bank of England’s mantra for most of this year as it waited for higher energy prices to trickle through the UK economy. After today, the Monetary Policy [...]
City AM Shadow MPC urges Bank of England to hike interest rates Economics The Bank of England should raise interest rates on Thursday in order to “protect credibility” and stamp out any risks of inflation spiralling out of control, top economists have said. City AM’s Shadow Monetary Policy Committee, which consists of leading economists across industry and academia, has called on the Bank to lift interest rates by [...]
‘Nailed on’: Bank of England expected to hike interest rates October 30, 2026 The Bank of England is expected to hike interest rates next week as policymakers battle to stamp on inflationary pressures building in the UK economy. City analysts have predicted that the Bank’s Monetary Policy Committee will vote to raise interest rates from 3.75 per cent to four per cent. The Bank has been closely monitoring [...]
Healey tells Bailey to loosen UK banking regulation after tax hike October 29, 2026 John Healey has told Bank of England governor Andrew Bailey to loosen banking regulation “as quickly as possible” after the government raised taxes on the sector in the Budget. The Chancellor wrote to Bailey following the Budget with a direction for the Financial Policy Committee (FPC) to balance its stability mandate with support for economic [...]
Threats to financial system ‘on steroids’ after AI boom, FCA chief warns October 22, 2026 The unchecked rise of artificial intelligence means the level of risk facing the financial system is currently “on steroids”, according to the boss of the Financial Conduct Authority, who warned that excessive “tick-box” rulemaking would fail to keep pace with increasingly complex threats. Speaking at a City of London dinner, Nikil Rathi said risks to [...]
Bailey: Businesses trying not to pass costs on to consumers October 16, 2026 Bank of England governor Andrew Bailey has said businesses are resisting decisions to pass higher energy costs onto consumers and instead looking to narrow margins and find other savings. Speaking at an International Monetary Fund event in Bangkok, Bailey said firms were “clearly squeezing margins as well as cost cutting” in order to deal with [...]
Bailey demands crackdown on ‘downright criminal’ social media fraud October 14, 2026 Bank of England governor Andrew Bailey has called on social media giants to take greater responsibility for online fraud, warning that the spread of scams and AI-generated content risks undermining trust in the financial system. Speaking at the International Monetary Fund’s annual meetings in Bangkok on Wednesday, Bailey criticised tech platforms for facing little accountability [...]
Central banks, bond markets and fiscal credibility – why market stability had become political October 13, 2026 Senior central bankers warn that while emergency interventions can buy time during market liquidity crises, long-term financial stability ultimately depends on governments taking decisive political action, says Helen Thomas Two of the world’s most senior central bankers have issued a warning that politicians would do well to heed: governments may believe they have years to [...]
We should be AI optimists, says Bank of England deputy October 12, 2026 A top Bank of England official has called for optimism around artificial intelligence and said leveraging the tech is the “best pathway” to securing economic growth. Sarah Breeden, deputy governor for financial stability at the central bank, said the UK needs to “think ahead” on the future use cases of AI for “how we might [...]