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Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote.

The Bank of England held interest rates at 3.75% as it said the recent fall in oil prices was "encouraging," even while two policymakers voted for an immediate quarter-point hike over concerns of persistent inflation. Bloomberg's Lizzy Burden reports.

Bank of England Governor Andrew Bailey says that British banks are still locked out of using Anthropic PBC's powerful new AI tool. Speaking with Bloomberg's Stephanie Flanders at a central banking conference in Iceland, Bailey adds that banks are using other models to test their cyberdefenses.

Bank of England Governor Andrew Bailey discusses the emerging risks from frontier AI models, the recent concerns about the private credit market and the central bank's stablecoin proposals. He speaks with Bloomberg's Stephanie Flanders at a central banking conference in Iceland.

Bank of England Governor Andrew Bailey comments on the recent concerns about the private credit market during an interview with Bloomberg's Stephanie Flanders at a central banking conference in Iceland.

Keir Starmer's 2024 landslide became a sinkhole in under two years. Bloomberg Originals explains how British politics collided with economic reality, fueling a revolving door of prime ministers.

UK inflation fell to its lowest rate in more than a year, prompting traders to bet on fewer Bank of England interest-rate hikes even though economists expect price pressures to return. Bloomberg's Sam Unsted reports.

Panmure Liberum economist Simon French discusses the UK economy and the political crisis surrounding Prime Minister Keir Starmer. Gross domestic product grew 0.6% in the first quarter, a jump from the 0.2% in the previous three months and the fastest expansion for a year. French speaks on Bloomberg Television.

Global monetary policy remains on high alert as the European Central Bank (ECB) and Bank of England (BoE) joined the US Federal Reserve in holding interest rates steady this week.

Bank of England Governor Andrew Bailey said inflation is expected to rise to "a little over 3.5% by the end of the year" as a direct consequence of the conflict in the Middle East. He was speaking during a press conference following the central bank's decision to keep interest rates on hold with several policymakers saying they might consider future hikes.