Bank of England's Bailey says UK can't avoid U.S. tariff impact — even if it's not in the direct firing line
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC's Steve Sedgwick.
Bank of England Governor Bailey: We expect to be able to cut bank rate further
"We expect to be able to cut bank rate further as the disinflation process continues, but we will have to judge meeting by meeting, how far and how fast," Bailey told a news conference
Pound plunges as Bank of England cuts rates – and hints at more to come
The value of the pound has sunk sharply as the Bank of England signalled there would be more interest rate cuts later this year.
Bank of England cuts interest rates despite looming inflation surge
The Bank of England cut interest rates by 25 basis points, even though rate-setters said they expected inflation to rise this year.
Bank of England Cuts Rates, Warns of Tariff Impact
The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.
Bank of England cuts interest rates to 4.5% in boost for mortgage holders
Interest rates are now at their lowest level since June 2023 as governor Andrew Bailey says the Bank expects to be able to cut interest rates further.
Bank of England slashes UK growth outlook amid Trump tariff threat
The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff threats and deteriorating business confidence in the UK.The sharp downgrade, which estimates gross domestic product at 0.
US should support World Bank and IMF - Bank of England boss
The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey ...
Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves’ Budget to Trump’s trade war
THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...
Bloated public sector is damaging economy, warns Andrew Bailey
Andrew Bailey has warned that dire public sector productivity is dragging down the economy after the Bank of England slashed ...
Bailey Cautions Markets on Dovish Reaction to BOE Vote Split
Bank of England Governor Andrew Bailey cautioned markets against reading too much into how policymakers voted this month ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Bank of England policymakers speak after rate cut, weaker growth forecast
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation ...
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Bank of England's Pivotal Move Amid Inflation Concerns
The Bank of England has reduced interest rates, predicting a temporary inflation rise and halving its growth forecast.
Traders are moving so much gold from the Bank of England to the U.S. to avoid Trump tariffs that the waiting time has reportedly octupled
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them ...