The Latest Breaking News from Andrew Bailey

Value of the pound falls as Andrew Bailey signals more rate cuts on the horizon

Pound reacts as Andrew Bailey tells Guardian borrowing costs could fall if inflationary pressures continue to ease

Andrew Bailey tells the Guardian the Bank could become a ‘bit more aggressive’ in cutting interest rates if news on inflation continued to be good

Exclusive: Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive

The US state of Missouri on Tuesday executed death row inmate Marcellus Williams for the 1998 murder of a woman, even though the prosecutor's office that secured his murder conviction 21 years ago expressed doubts about the integrity of the case. The victim's family had pleaded with authorities to spare…

Williams long maintained his innocence and the killing was opposed by victim’s family, jurors and office that tried him

Prosecutors raise concerns about lack of evidence as family of victim supports saving Williams from the death penalty

Central bank’s governor warns consumers not to expect a return to near-zero rates

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.

Monetary Policy Committee votes to keep rates on hold