Andrew Bailey
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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.
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techUK Regulators Urge Firms to Mitigate Frontier AI Cyber Risks
British finance authorities, including the BoE and FCA, warn that frontier AI models pose escalating cyber threats to firms, customers, and financial stability.
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cryptoBank of England's Bailey Warns US Stablecoins Could Destabilize UK in Crisis
BoE Governor Andrew Bailey cautions that US-issued stablecoins with weak redemption guarantees could flood the UK during financial turmoil, posing systemic risks.