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 [...]
Deregulation drive risks repeat of financial crisis, Bank of England governor says July 22, 2025 The governor of the Bank of England has distanced himself from Chancellor Rachel Reeves’ deregulation agenda, suggesting the move could cause a repeat of the 2008 financial crisis. Andrew Bailey told MPs on the Treasury Committee that the UK “cannot compromise” on financial stability after the government laid out plans to remove regulatory red tape [...]
Bank of England urged to hold interest rates despite jobs drop July 17, 2025 A leading City forecaster has advised Bank of England policymakers to vote to hold interest rates at its next meeting in August to help battle rising inflation. Robert Wood, UK economist at Pantheon Macroeconomics, warned the Bank of England not to read too much into the drop in jobs numbers, with initial estimates by the [...]
Sticky inflation takes shine off Reeves’ week July 17, 2025 If the Chancellor was hoping to bask in the glow of supportive front-page coverage the morning after her Mansion House speech, she would have been disappointed. The spectacular revelations of Whitehall’s hushed-up cock-up over Afghan refugees knocked her off the top of the news agenda pretty much across the board. Only Morning Wire gave her [...]
Andrew Bailey sets Donald Trump challenge on tariff plans July 16, 2025 Bank of England Governor Andrew Bailey has set President Donald Trump a “constructive challenge” to explain contradictions in fiscal policies that threaten the world economy and financial stability. In his Mansion House speech delivered to an audience of City leaders, Andrew Bailey defended the principles of free trade and post-war agreements to introduce multilateral systems [...]
High inflation ‘not sufficient’ to scupper Bank of England interest rate cuts July 14, 2025 June inflation data showing a 3.4 per cent year-on-year rise in prices would not put Bank of England officials off voting for an interest rate cut in August, leading economists have said. A Bloomberg poll of City analysts has predicted that inflation will remain above the Bank’s two per cent target as price growth is [...]
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 [...]
Andrew Bailey calls for lower interest rates if job market stalls July 14, 2025 The Governor of the Bank of England has called for more dramatic cuts to interest rates if the jobs market sees a substantial slowdown. In an interview with The Times, Andrew Bailey insisted: “I really do believe the path is downward” for rates. He said that businesses are “adjusting employment” following Rachel Reeves’ tax hikes [...]
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 [...]