Bank of England Live: Bailey refuses to confirm if Budget influenced rates decision November 6, 2025 Welcome back to the City AM liveblog. Andrew Bailey has refused to confirm whether the upcoming Budget and Rachel Reeves’ recent comments influenced his decision on interest rates. The Bank of England has held interest rates at four per cent in its final decision before the Autumn Budget. The Bank’s Monetary Policy Committee (MPC) voted [...]
Bank of England: Global crisis ‘alarm bells’ in private credit October 21, 2025 The Governor of the Bank of England has warned of “alarm bells” in the private credit market as he cautioned of consequences parallel to the 2008 global financial crisis. Andrew Bailey told lawmakers on Tuesday the collapse of US car parts maker First Brands and auto-dealership Tricolor could be “the canary in the coalmine” as [...]
Bank of England sounds alarm on ‘high risk’ AI bubble October 8, 2025 The Bank of England has warned of the potential for a “sharp correction” in global markets due to the “stretched” stock valuations from the artificial intelligence (AI) boom. The central bank’s Financial Policy Committee has warned a crash in the roaring value of US tech giants could spark trouble overseas. “A crystallisation of such global [...]
Andrew Bailey’s stablecoin U-turn hailed as ‘positive step’ October 1, 2025 Andrew Bailey has issued a major climb down on stablecoins after previously being accused of “killing” the country’s ambitions with “prescriptive” views. The Bank of England governor – who has been branded a “dinosaur” by Reform’s Nigel Farage for archaic views on crypto assets – has now said the UK should “reap the benefits” of [...]
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 [...]
Rachel Reeves at odds with Bank of England over Revolut licence bid July 29, 2025 Rachel Reeves has clashed with the governor of the Bank of England after trying to support Revolut in its protracted regulatory process to secure a full banking licence. The Chancellor is reported to have attempted to secure a meeting between financial watchdogs and Revolut in hopes of pushing forward its banking licence bid. But the [...]
Bank of England unveils shake up of financial crisis banking rules July 15, 2025 The Bank of England has unveiled a sweeping package of reforms aimed at easing the regulatory burden on smaller and mid-sized banks, marking a major shakeup of the post-financial crisis rulebook. The central bank’s changes include a one-year delay to key parts of the Basel 3.1 reforms – the UK’s version of international banking rules [...]
Andrew Bailey cautions banks against issuing their own stablecoins July 14, 2025 The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer [...]
Bank of England interest rate cut ‘almost certain’ after poor growth July 11, 2025 Fresh growth figures have fuelled speculation of an August interest rate cut in a bid to give the waning UK economy a shot of life. The Office for National Statistics (ONS) revealed on Friday the UK economy shrunk for the second consecutive month with a 0.1 per cent contraction in May. Deutsche Bank’s chief economist [...]
The Bank of England is dying for data on private markets July 10, 2025 City Editor Simon Hunt on the stories that caught his eye this week Andrew Bailey’s svelte profile has attracted much City chatter the past year. Some say the guv’nor has a strict exercise regime to lose weight; skeptics reckon it’s Ozempic. Here’s my theory: Bailey is wearing so many different hats, the constant switch between [...]