Central Bank
Appears in 2 stories
Cut Bank Rate to 3.75% but signaled the easing path is narrowing
This cut had courtroom drama energy. The Bank of England dropped rates to 3.75%—but only because Governor Andrew Bailey switched his vote and made it 5–4. The immediate market read was hawkish-by-UK-standards: sterling rose and gilt yields ticked higher as traders pared back expectations for rapid 2026 easing.
Updated Yesterday
Scheduling emergency CMORG meetings on Mythos risks with UK financial sector
An AI model that can find software flaws no human has caught in nearly three decades has triggered a coordinated response from central banks across the Western world. Anthropic's Claude Mythos Preview, which the company says discovered thousands of previously unknown vulnerabilities in every major operating system and web browser, prompted the US Treasury and Federal Reserve to summon Wall Street chief executives to Washington on April 8. By April 11, the Bank of England, the Bank of Canada, and their respective financial regulators had convened or scheduled their own emergency sessions with banks.
Updated Apr 11
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