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Andrew Bailey

  • Once bitten, twice inflated: The Bank of England’s rate cut conundrum

    August 14, 2025

    After the MPC’s historic second vote on interest rates, is the Bank of England torn between fears of recession and inflation, asks Helen Thomas Seventeen years ago this month, the Bank of England produced its quarterly Inflation Reportas usual. In the 56 pages, the Bank’s forecasters laid out carefully crafted charts andanalysis of how growth [...]

  • A Rachel Reeves and Andrew Bailey clash risks Britain’s stablecoin dream 

    August 13, 2025

    A Rachel Reeves and Bank of England clash risks derailing Britain’s stablecoin dream as the country plays catchup in the over £200bn market. The Chancellor referenced plans to drive forward “developments in blockchain technology including… stablecoin” in her 2025 Mansion House speech. But Reeves faces an obstacle to push her plans in the form of [...]

  • The 24-second news cycle has killed off silly season

    August 12, 2025

    In a media landscape fuelled by outrage, the news cycle has no more room for fun or nuance, writes Adam Taylor

  • Interest rates likely to remain higher for longer

    August 8, 2025

    Markets are indicating interest rates are set to stay higher for longer than expected after the Bank of England’s “hawkish cut” and gloomy inflation and growth forecasts shocked City analysts. Prior to the Bank’s interest rate cuts, markets had all but priced in a further 25 basis point cut by the end of the year, [...]

  • Bank of England: Future of interest rate cuts now ‘more uncertain’  

    August 7, 2025

    The future of interest rate cuts is now “more uncertain” as the Bank of England suggested it was more worried about inflation ticking up higher than expected.  In its decision on Thursday, the Bank voted 5-4 for interest rates to be cut by 25 basis points to four per cent.  But the Bank now believes [...]

  • Bank of England cuts interest rates in historic vote 

    August 7, 2025

    The Bank of England has cut interest rates to four per cent in an unprecedented double vote as Monetary Policy Committee members clashed on the impacts of a crumbling jobs market and higher food prices.  Monetary Policy Committee (MPC) members were told to vote a second time after four members voting for a 25 basis [...]

  • LIVE: Bank of England cuts interest rates to four per cent

    August 7, 2025

    The Bank of England has slashed interest rates to the lowest level in more than two years at four per cent. The decision to cut rates from 4.25 per cent comes after members were told to vote for a second time after facing a split decision. It follows the Bank’s chief economist, Huw Pill, telling [...]

  • The Bank of England’s trouble-free decision to cut interest rates

    August 6, 2025

    The Bank of England has long suffered from the accusation of groupthink. Reforms have been mooted – and some have been implemented – but it has struggled to shake off the charge. Economists at the Cato Institute and the National Institute of Economic and Social Research (NIESR) have, for example, pointed the blame at Threadneedle [...]

  • Bank of England to cut interest rates but faces dilemma on outlook

    August 4, 2025

    The Bank of England is unlikely to signal faster interest rate cuts at this Thursday’s meeting, leading economists have said, leaving the future of monetary policy in the balance.  Monetary Policy Committee (MPC) members are widely expected to agree to cut interest rates by 25 basis points to four per cent.  But City analysts have [...]

  • Bank of England officials set to clash on interest rates

    July 30, 2025

    Bank of England policymakers are set to spar on whether to hold or cut interest rates as City analysts are expecting a three-way split in the final vote.  The Bank saw a 6-3 vote in favour of holding interest rates at 4.25 per cent in June while the meeting before in May saw four dissenting [...]

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