Interest rate cut is ‘off the table’, says Bank of England governor Economics Andrew Bailey has said cutting interest rates is “off the table at the moment” in the clearest sign yet borrowing costs are likely to stay elevated for the rest of the year. The Bank of England governor said on a panel at the European Central Bank’s annual conference in Portugal that inflationary pressures following the [...]
Are we about to see one of the biggest shifts in monetary policy since the financial crisis? Opinion Chair Kevin Warsh believes the Federal Reserve should offer forward guidance, arguing that promises about future policy quickly become shackles around a central bank’s neck. He could be about to get his way, says Helen Thomas As the first half of the year draws to a close, the world’s leading central bankers gather this week [...]
Badenoch sets sights on battle with the Bank Banking The City is in the mood for a regulatory bonfire and Kemi Badenoch hopes to be the one to light the flame. In this week’s column, Samuel Norman looks at the roadblocks she may face on her pursuit. “Don’t forget about Andrew Bailey.” That was the parting shot I got from a former Bank of [...]
Bank of England waters down stablecoin rules after industry backlash June 22, 2026 The Bank of England has diluted its incoming stablecoin rules after warnings from currency providers that the UK risked falling behind rival jurisdictions in a rapidly growing pocket of the global financial system. In its final framework for regulating the fledgling currencies, which are a digital form of money whose value is pegged to another [...]
The Bank of England is keeping Britain in the waiting room June 19, 2026 The MPC’s decision to holding the Bank rate for the fourth meeting is downstream of a government, and a country, that’s run out of ideas, says Emmanuel Igwe What sound does a country make when it has run out of ideas? Rather than cacophonous noise or a muted groan, I would say that sound is [...]
As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles June 18, 2026 Welcome back to the City AM liveblog. Interest rates were left unchanged at 3.75 per cent in Bank of England’s monetary policy committee meeting today as rate-setters wait to find out whether the Iran war peace deal holds up. The Bank’s decision followed Thursday’s inflation data, which stayed below undershot expectations after coming at 2.8 [...]
Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation June 18, 2026 Kemi Badenoch will today step up her efforts to woo the City as she promises to wield the axe on post-financial crisis banking regulation if she manages to clinch the keys to Number 10. “London is having its lunch eaten” by overregulation, the Tory leader will proclaim as she proposes a shakeup of the financial regime that she hopes [...]
Bank of England’s Bailey defends bond sale programme June 15, 2026 Andrew Bailey has launched a robust defence of the Bank of England’s controversial bond sale programme, arguing it will provide the firepower for another round of quantitative easing in a market downturn. Writing in The Times, Bailey argued the central bank’s move to hoover up UK government bonds, known as gilts, in the wake of [...]
Starmer: X is responsible for fake Farage and Bailey fight images June 9, 2026 Sir Keir Starmer has said tech firms must take responsibility for fake images depicting a brawl between Nigel Farage and Bank of England governor Andrew Bailey. Multiple AI-generated images of Farage and Bailey fighting have been spread on X, with the links appearing to lead to a scam. The Prime Minister’s spokesman said “there is [...]
Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’ June 2, 2026 Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah [...]