The Latest Breaking News from Andrew Bailey

Halifax says no signs of spike in ‘forced sales’; eurozone heading for recession while UK avoids recession, surveys suggest

The Bank of England has held interest rates at 5.25 per cent for the third time in a row and indicated that cuts are unlikely in the coming…

The Bank of England has held interest rates at 5.25 per cent for the third consecutive time

City Voices: If the Bank wants to avoid a long and damaging recession then it needs to act fast

Vacancies declining as growth falters, recruiters’ body tells Bank of England

The Bank of England recently released its Financial Stability Report, spotlighting the resilience of UK households and businesses in the face of escalating interest rates.

AI and machine learning have been used across the financial sector for at least a decade, such as to help detect fraud and money laundering.

As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI.

The Bank of England says it will make an assessment next year about the risks posed by artificial intelligence and machine learning

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

Cheerful news: Andrew Bailey, the Bank of England governor, thinks the economic outlook for the year ahead is “worst I have ever seen” — a challenge of such severity that it should be the main preoccupation of both the Government and its possible Labour heirs. Instead, fizzing anxiety at Westminster…