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Bank of England's Bailey says US Fed situation 'serious'

Any threats to the US Federal Reserve's independence would be a "very serious" issue, Bank of England Governor Andrew Bailey said today.

Business • 03 Sep

Bank of England could cut rates if UK jobs market slows

The Bank of England could make cuts to interest rates if the jobs market slows down, Andrew Bailey has said.

Business • 14 Jul

Bank of England keeps UK interest rates on hold

The Bank of England held interest rates at 4.25% as expected today but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates.

Business • 19 Jun

BoE's Bailey warns of backlash against regulation

The cost of the 2008 global financial crisis (GFC) should not be forgotten during a backlash against the burden of financial regulation, Bank of England Governor Andrew Bailey said today, warning the bank needed to monitor new vulnerabilities.

Business • 11 Feb

The Bank of England held UK interest rates steady at 4.75% today

Bank of England keeps rates steady, policy split widens

The Bank of England kept its main interest rate unchanged at 4.75% today but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy.

Business • 19 Dec 24

The Bank of England remains on alert about price pressures in Britain's jobs market that have subsided more clearly elsewhere

Bank of England set to keep rates on hold next week

The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the US.

Business • 11 Dec 24

Bank of England sticks to 'gradual' script for rate cuts

Bank of England Governor Andrew Bailey reiterated in an interview published today that gradual cuts in interest rates are likely over the next year, adding that the process of falling inflation is well embedded.

Business • 04 Dec 24

Bank of England boss warns on 'fragmenting world economy'

The Governor of the Bank of England has warned over "fragmenting" the world economy amid promises from Donald Trump that he will impose steep trade tariffs on other countries.

Business • 19 Nov 24

Bailey says BoE could become 'more activist' on rate cuts

The Bank of England could move more quickly to cut interest rates if there is further good news on inflation but conflict in the Middle East could push up oil prices, Governor Andrew Bailey told the Guardian newspaper.

Business • 03 Oct 24

Bank of England Governor Andrew Bailey said he was 'very encouraged' by the downward path of UK inflation

BoE's Bailey says interest rates gradually heading down

The Bank of England should be able to lower interest rates gradually as it gains confidence that inflation will remain close to its 2% target, Governor Andrew Bailey said in an interview published today.

Business • 24 Sep 24

The Bank of England's poor performance in economic forecasting led it to call in former US Federal Reserve chief Ben Bernanke to investigate

Bank of England to reform economic forecasting

The Bank of England said today it would implement a "substantial upgrade programme" to improve its economic forecasting, after a probe found it had "deteriorated significantly" in recent years.

Business • 12 Apr 24

BoE's Bailey 'comfortable' that markets expect rate cuts

Bank of England Governor Andrew Bailey said today he was comfortable with investors betting on interest rate cuts this year but pointed to signs that Britain's economy was picking up after falling into recession in late 2023.

Business • 20 Feb 24

Low UK bank valuations a 'puzzle' - Bank of England chief

Low stock market valuations for Britain's major banks are hard to explain, given that they are safer investments than they were before the 2007-08 global financial crisis, Bank of England Governor Andrew Bailey has said.

Business • 13 Feb 24

The Bank of England kept interest rates unchanged today - as expected

Bank of England says interest rates 'under review'

The Bank of England kept interest rates unchanged today, after officials split three ways on the right course for policy and Governor Andrew Bailey wanted more evidence inflation would return permanently to target.

Business • 01 Feb 24

No rate changes from the Bank of England today

Bank of England holds UK interest steady again

The Bank of England has today left interest rates unchanged at 5.25% as expected and said rates would remain high for an "extended period".

Business • 14 Dec 23

The Bank of England has hiked interest rate in 14 consecutive meetings until they peaked at a 15-year high of 5.25%

Bank of England expected to hold rates steady again

The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy.

Business • 14 Dec 23

Central Bank Governor Gabriel Makhlouf speaking at today's conference in Dublin (Picture: Central Bank)

Far too early for talk of interest rate cuts - Makhlouf

The Governor of the Central Bank Gabriel Makhlouf has said the economy and financial system "is still adjusting to the change in interest rates by central banks."

Business • 08 Nov 23

All but one of 65 economists polled by Reuters in recent days predicted the Bank of England will raise Bank Rate to 5.5% on Thursday from 5.25%

Bank of England readies what may be its final rate hike

The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one of the great tightening cycles of the last 100 years as a cooling economy begins to worry policymakers.

Business • 18 Sep 23

Bank of England chief accuses retailers of overcharging

Bank of England Governor Andrew Bailey said there was evidence that some retailers are overcharging customers, adding to pressure on the sector as authorities struggle to bring down the highest inflation rate among the world's rich economies.

Business • 06 Jul 23

Andrew Bailey, the Bank of England Governor

Bank of England's Bailey says no stress in UK banks

Bank of England Governor Andrew Bailey said today that stress was not being caused in the British banking system by recent problems that have triggered turmoil elsewhere, but the central bank remained vigilant.

Business • 28 Mar 23

Further Bank of England rate increase 'not inevitable'

Bank of England Governor Andrew Bailey said today that it was possible the central bank had already come to the end of its rate-rising cycle, although it was too soon to be sure about the future path of policy.

Business • 01 Mar 23

UK borrowing costs hit 20-year high ahead of deadline

The Bank of England has today confirmed its emergency bond-buying scheme would close this Friday, in spite of reports that it was considering extending the programme.

Business • 12 Oct 22

Bank of England Governor Andrew Bailey warns of rising UK inflation

BoE sees clear risk of inflation sticking at high level

Bank of England Governor Andrew Bailey said today there was "very clearly" a risk that high inflation gets embedded in Britain's economy if there is a cycle of higher prices pushing up wages.

Business • 23 Feb 22

The Bank of England said the results will not be used to determine capital requirements for UK banks

Bank of England launches climate stress test for banks

The Bank of England today set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine capital requirements.

Business • 08 Jun 21

The Bank of England kept its benchmark Bank Rate at 0.1% - as expected - today

Bank of England to probe possible leak of QE decision

The Bank of England increased its already huge bond-buying stimulus today by a further £150 billion as it sought to cushion the UK's struggling economy against the hit from a second coronavirus lockdown.

Business • 05 Nov 20