The Latest Breaking News from Andrew Bailey

Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…

Andrew Bailey again dismisses speculation about rate cuts, saying fight to bring inflation down to 2% is ‘hard work’

A lawsuit has challenged the constitutionality of Missouri’s new law requiring voters to show photo identification to cast a regular ballot

Andrew Bailey says free trade demands greater international cooperation on financial rule-making

Other economists say quitting the European Union has dealt a multi-billion pound blow to the UK

Andrew Bailey lamented ‘the openness of the UK economy’ since Britain left the EU

Governor Andrew Bailey said it was “much too early” to think about cuts to interest rates

The Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply in light of the conflict between Israel and…

With a weak economic outlook and shrinking inflation the Bank risks leaving rates too high for too long