Andrew Bailey
Bank notes: July to September 2025
A round-up of news and salient issues that have affected central bankers in the past three months
Britain’s ‘knife-edged’ economy is dividing BoE rate-setters
Chief economist and deputy governor for monetary policy both outvoted on MPC for first time since 2007
Bailey, the IMF and the fundamental asymmetry problem
The IMF must address sovereign asymmetry and transform surveillance into a tool for mutual accountability, argues Biagio Bossone
BoE cuts rates by 25bp in historic close call
For first time in history, MPC voted twice as initial round ended in 4–4–1 stalemate
Scrapping UK ring-fencing regime ‘not sensible’ – Bailey
BoE governor finds no fundamental issue with rule separating retail and investment banking activities
BoE and Treasury’s ‘productive tension’ over stablecoins
Experts say Reeves’s bullishness and Bailey’s more bearish stance on assets may be all to the good
No changes to Fed swap lines, Lagarde worried about ‘truth’ – panel
Fed, ECB, BoE, BoJ and BoK governors discuss tariffs, stablecoins, r*, scenario analyses and the future
Policy to remain restrictive for now, says BoE governor
Bailey says there will be “gradual and careful approach” to any further easing
BoE responds to criticism on interest payments
Governor defends monetary policy tools following attacks by political party
Bailey ‘remains to be convinced’ about retail CBDCs
BoE governor adds that stablecoins must “pass the test of singleness of money”
Political party calls on BoE to stop paying interest on banks’ reserves
Former bank official says Reform UK’s proposal would amount to unacceptable “breach of faith”
BoE governor calls for closer ties between UK and EU
Bailey says Brexit’s negative effects on trade need to be minimised
BoE to consult on promoting clearing for gilt repo market
Deputy governor also takes aim at bilateral repo haircuts and cross-CCP netting
BoE governor gives optimistic forecast about scenario approach
Bailey says new method allows for better projections, given growing frequency of ‘black swans’
Bank of England cuts rates to 4.25% as disinflation continues
Effects of US tariffs on growth will be smaller in UK than elsewhere, central bank says
Andrew Bailey to be next FSB chair
Klaas Knot will step down from organisation in June as his term at DNB also comes to an end
Banknotes: January to March 2025
A round-up of news and salient issues that have affected central bankers in the past three months
AI crucial for driving growth, says BoE governor
Bailey compares technology’s transformative potential to advances of industrial revolution
Gilt repo clearing mandate on Bank of England’s radar
Sources say regulator mulling benefits of US-inspired regime, but is non-committal
Disinflation is still on track, BoE governor insists
Officials tell UK parliament that success so far does not mean mission is complete
Bank of England cuts policy rate by 25bp
Impact of US tariffs on UK monetary policy remains unclear, MPC says
BoE governor calls for greater global financial regulation
Bretton Woods institutions need to be proactive in an increasingly shock-prone world, Bailey says
BoE’s new research agenda adds focus on balance sheet
Three-year plan responds to inflation surge, market turmoil and changed mandates