Chief Economist, Bank of England; MPC member
Appears in 1 story
Voted to hold at 4.00%, warning inflation could get stuck above target
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 May 15
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
