Andrew Bailey
Photo: Office of U.S. Ambassador to U.K., Public domain (Wikimedia Commons, cropped)
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- Nov 4
Bank of England raises rates to 4% and leaves further hikes possible
The Bank of England lifted its base rate by a quarter point to 4% on Thursday, 5 November, and warned that further increases could follow if the Iran war continues. Tracker mortgage holders face the quickest rise in monthly payments, while the FTSE 100 closed lower.
- Oct 14
Bailey urges social media firms to tackle fraud as IMF warns on cyber risk in Bangkok
Speaking at the IMF and World Bank meetings in Bangkok, Bank of England Governor Andrew Bailey said social media platforms face too little liability for criminal content. IMF chief Kristalina Georgieva warned that cyber fraud is eroding trust in finance.
- Oct 7
Oil above $100 drives global bond selloff, pushing UK gilt yields to highest since 2007
Brent crude rose 4.7% to $104.87 a barrel on Thursday, fuelling a global bond selloff that pushed UK 10-year gilt yields to 5.527%, their highest since July 2007.
- Oct 1
Bank of England warns of financial shocks from AI debt and market valuations
The Bank of England cautioned that rising corporate debt, elevated tech valuations, and autonomous model testing failures could trigger simultaneous adjustments across financial markets.
- Sep 23
OECD raises 2026 global growth forecast to 2.9% while warning energy costs threaten 2027
The OECD raised its 2026 global growth projection to 2.9% on Wednesday, citing resilient artificial intelligence investment, but trimmed its 2027 forecast to 3.0% over prolonged Middle East energy tensions.
- Jul 2
Fed Chair Warsh pledges independence, inflation fight, and data reforms at Sintra forum
Federal Reserve Chair Kevin Warsh used his first international speech to double down on the 2% inflation target, reject political pressure, and outline plans to overhaul the Fed's data and decision-making.
- May 30
Markets Rally on Hopes of U.S.-Iran Ceasefire Extension and Hormuz Reopening as Trump Weighs Final Decision
Global markets surged toward record highs and oil prices suffered their steepest weekly drop in months on Friday, driven by reports that the U.S. and Iran have reached an outline for a 60-day ceasefire extension and the reopening of the Strait of Hormuz, pending President Trump's final approval.
