The Latest Breaking News from Andrew Bailey

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.

It is, perhaps, the nearest we’ve got so far to an admission from the Bank of England that things haven’t gone entirely to plan. Andrew Bailey, the Bank’s Governor, acknowledged last week that “some of the strength in core inflation…reflects second-round effects... And as headline inflation falls, these second-round effects…

Republican Missouri Gov. Mike Parson on Friday will announce his pick to serve out the remainder of Kim Gardner’s term as the chief prosecutor in St. Louis, following her sudden departure earlier this week

‘We can afford to take more time to get inflation back down,’ says Andy Haldane

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Hundreds of measures targeting transgender people have been proposed in statehouses this year, and several have moved forward this week

On flight to Japan for G7, PM says ‘economic optimism is increasing’ and insists Brexit is working

Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic

Watch live as Jeremy Hunt and Andrew Bailey speak at the British Chambers of Commerce in Westminster on Wednesday, 17 May.