Andrew Bailey

Bank of England governor Bailey sees signs that AI is starting to boost economies

Analysis suggests that heavy investment in AI contributed to around half of the growth in US GDP in H1 2025

A shopper browses in a store in London, Britain, May 21, 2025. According to the Office of National Statistics, the UK inflation rate rose to 3.5 per cent in April. It is the highest level since February 2025 driven by sharp rises in household bills, and higher food, vehicle duty and airfare costs.

Bank of England’s Bailey says uncertain outlook demands careful approach to rate cuts

[DUBLIN] Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the glob...

Asked about the likely impact of a second Trump presidency, BOE governor Andrew Bailey repeated his stance that he wanted to see the policies the Trump administration will pursue.

Bank of England warns of risks from rise in global trade barriers

The Bank of England warned on Friday (Nov 29) that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing u...

BOE governor Andrew Bailey said regulators need to improve how they provide emergency liquidity to non-banks.

BOE’s Bailey says tools need to improve to surveil non-banks

THE Bank of England needs to improve the ways it is able to track developments in the non-banking system, which is less transparent relative to the banking system, Bank of England governor Andrew Bail...

Bailey says the BOE can be a “bit more aggressive” and “a bit more activist” in its approach to cutting rates if the news on inflation continues to be good.

BOE’s Bailey raises prospect of more aggressive rate cuts

He is encouraged that cost-of-living pressures are not as persistent as the BOE feared they may be

Bank of England governor Andrew Bailey said he was “very encouraged” by the downward path of inflation since it peaked at 11.1 per cent nearly two years ago.

Bank of England’s Bailey says interest rates are gradually heading downwards

THE Bank of England should be able to lower interest rates gradually as it gains confidence that inflation will remain close to its 2 per cent target, governor Andrew Bailey said in an interview publi...

Bank of England governor Andrew Bailey said recent signals from the economy meant he was “cautiously optimistic that inflation expectations are better anchored”.

Bank of England’s Bailey says inflation pressure is on the wane

BANK of England governor Andrew Bailey said on Friday (Aug 23) he thought inflation pressure in Britain’s economy was becoming less stubborn than in recent years, but it was still too soon to be sure....

“We need to make sure inflation stays low, and be careful not to cut interest rates too quickly or by too much,” says BOE governor Andrew Bailey.

Bank of England cuts rates from 16-year high, 'careful' on future moves

The BOE decided to lower rates by a quarter-point to 5 per cent

Bank of England governor Andrew Bailey says "we are not seeing a lot of sticky persistence" in inflation and "that is the judgment we have to keep coming back to".

BOE’s Bailey says rate cuts in play

BANK of England (BOE) governor Andrew Bailey said expectations of interest rate cuts this year were not “unreasonable” and he struck an optimistic tone about the UK economy, the Financial Times report...

BOE governor Andrew Bailey repeated that the BOE would not need inflation to fall to its 2 per cent target – something it expects to happen between April and June – in order to cut rates.

Rate cut bets not unreasonable but UK economy picking up, says BOE's Bailey

Bets by investors on interest rate cuts in 2024 were not unreasonable, Bank of England governor Andrew Bailey said on Tuesday (Feb 20), while also pointing to signs Britain’s economy was picking up af...