Bank of England set to overshadow Healey’s Budget with interest rate hike Economics The Bank of England is expected to overshadow John Healey’s maiden Budget with a “done deal” interest rate hike aiming to tame soaring inflation while risking economic growth. Top City economists predict the central bank’s Monetary Policy Committee (MPC) will raise the base rate at its November meeting, just one week after the Autumn Budget. [...]
FCA revokes ban on Libor traders after court overturns rate-rigging convictions Banking The financial watchdog has revoked bans it had placed on four City traders convicted of rigging Libor and Euribor interest rates after the Court of Appeal overturned their convictions. The Financial Conduct Authority (FCA) said on Friday it “has reviewed its regulatory action against individuals whose convictions have recently been overturned by the Court of [...]
‘It’s hard to call the peak’: Wall Street banks land $22bn trading haul Banking Traders at Wall Street’s biggest banks kept their blockbuster winning streak alive in the third-quarter as they made hay on volatility triggered by the war in Iran and swinging AI stocks. Equity trading divisions at the big six US banks – JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo – [...]
Andrew Bailey sends warning as officials say interest rate hikes ‘increasingly likely’ September 25, 2026 Bank of England governor Andrew Bailey has said that it will become “harder” to leave interest rates on hold if energy prices remain higher for longer. At an event in Oxford on Friday, the Bank of England chief indicated that interest rates would have to be raised from 3.75 per cent if oil and gas [...]
As it happened: FTSE 100 soars after Bank of England holds interest rates September 17, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Investors responded positively to the Bank of England’s widely tipped decision to leave interest rates unchanged at 3.75 per cent on Thursday. Bank of England Governor Andrew Bailey said that volatile energy prices caused by the Iran war will push inflation up further than its current 3.1 [...]
Interest rates look set to be held amid bond market pressure September 17, 2026 The Bank of England is expected to leave Interest rates unchanged even as bond traders raised expectations for upcoming hikes and the Federal Reserve opted to tighten monetary policy in the US. The Bank’s nine-member Monetary Policy Committee is expected to back leaving interest rates at 3.75 per cent although policymakers are set to be [...]
As it happened: FTSE 100 rises after inflation jump; oil supply in focus September 16, 2026 Welcome back to the City AM liveblog. UK inflation has seen a fresh spike to 3.1 per cent in August, up from 2.9 per cent the month prior. The fresh print comes as Brent crude – the international benchmark for oil – holds around the $108 per barrel mark, near four-month highs. Industry data managed [...]
Hold interest rates despite inflation risk, Shadow MPC tells Bank of England September 15, 2026 The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said. The Bank should leave interest rates unchanged at 3.75 per cent, according to most top economists in [...]
Four interest rate hikes loom despite surprise economic growth September 11, 2026 The Bank of England is expected to hike interest rates as many as four times within the next year, City figures have said, after the economy delivered surprise growth in July. The central bank is expected to be buoyed by this morning’s GDP figures, which saw the UK economy grow by 0.4 per cent in [...]
Bailey warns on inflation risks as Iran war roils UK economy September 8, 2026 Bank of England governor Andrew Bailey has warned inflationary pressures are still buffeting the UK economy and energy prices could rise further next year if the war in Iran continues. Speaking to MPs on Tuesday, the Bank chief said inflation risks were “to the upside” and energy prices “could be higher still” due to the [...]