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
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 cuts rates, sees higher inflation and weaker growth
The Bank of England has today lowered interest rates by a quarter of a percentage point, judging a sharp upward revision to its inflation forecasts for this year will prove temporary.
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.
No trade off between financial stability and growth, warns Bank of England
Governor Andrew Bailey has stressed the need for the UK to increase its economic growth rate as Rachel Reeves set out plans to kick start the economy.
Bailey speech: We expect to be able to cut bank rate further
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the February meeting. "We expect to be able to cut bank rate further but we will have to judge meeting by meeting how far and how fast."
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 chief economist downplays fears over inflation surge
Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday prices longer term.
Bank Of England Cuts Key Interest Rate As Pound Drops And Stocks Rally
The Bank of England (BoE) lowered its key interest rate by 25 basis points to 4.5% on Thursday, marking the third cut since the easing cycle began in August last year. The widely expected move reflects progress in curbing inflation,
Bank of England expected to cut rates amidst economic slump, inflation concerns
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.
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 ...
Andrew Bailey lays bare the damage of Reeves’s broken promises
Rachel Reeves promised businesses time and time again before the election that she was on their side. As part of her Mais ...
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 ...
Bank of England chief dismisses inflation as 'upward blip' and 'unlikely' to impact everyday prices
The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...
Why the Bank of England slashed its growth forecasts
Alongside cutting interest rates by 25 basis points, the Bank of England halved the UK's expected growth rate in 2025.
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 ...
US should support World Bank and IMF - Bank of England boss
Andrew Bailey says he is "following closely" whether Trump will change US support for the institutions.
Bank of England suffers exodus of gold bullion
Thousands of gold bars have been withdrawn from the Bank of England’s vaults since the end of last year amid fears around the ...