Andrew Bailey
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financeBank of England Accelerates Balance Sheet Shrinkage, Shifts to Demand-Driven Reserve System
The Bank of England is winding down its balance sheet and transitioning to a demand-driven reserve system, targeting a preferred minimum reserve range of £365B to £515B.
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financeUK Politicians Unite Against Bank of England's Costly Bond Sales Program
Politicians across the UK political spectrum criticize the Bank of England's quantitative tightening for imposing steep losses on taxpayers through active bond sales.
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financeBank of England Holds Rate at 3.75%, Iran Conflict Clouds Outlook
The Bank of England's Monetary Policy Committee voted unanimously to hold rates, but internal pressure for a hike is mounting as the Iran conflict threatens to push inflation above 6%.
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financeBank of England Flags Public-Sector Pay as Inflation Risk
UK public-sector wages rise 4.8% vs 3% private, widening gap. Governor Bailey warns of inflation pressures ahead of June 18 MPC meeting.
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cryptoBank of England Favors Tokenized Deposits Over Stablecoins
BoE Deputy Governor outlines plans for a multi-money retail system, prioritizing tokenized bank deposits over stablecoins.
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financeBoE's Bailey: Ceasefire No Guarantee for Rate Cuts
Bank of England Governor Andrew Bailey warns that a US-Iran ceasefire would not immediately justify interest rate cuts due to lingering uncertainty.
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financeBank of England Governor Warns AI Benefits May Take Decades
Andrew Bailey urges caution on AI optimism, warning that transformative economic effects historically emerge slowly.
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techAnthropic to Brief Global Watchdog on AI Cyber Flaws
AI firm Anthropic will brief the Financial Stability Board on cyber vulnerabilities found by its Mythos model, following a request by Bank of England Governor Andrew Bailey.