Andrew Bailey

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The Bank of England has unleashed a raft of stimulus measures, including slashing the benchmark rate to a record-low 0.1 per cent and raising its asset-purchase target to £745 billion. Photograph: iStock

Bank of England policy makers painted a downbeat picture of the UK’s economic outlook, warning that the nation faces a long road back from the hit of (...)

Susan  Collins (top left), provost, Univeristy of Michigan; Philip Lane (top right), member of the executive board of the European Central Bank; Tiff Macklem (bottom left), Governor of the Bank of Canada and Tharman Shanmugaratnam (bottom right), chairman of the monetary authority of Singapore, speaking during the virtual annual symposium featuring central bankers, finance ministers, academics, and financial market participants from around the world, in Jackson Hole, USA.

It was the head of Singapore’s monetary authority who best summed up the biggest fear gripping the virtual Jackson Hole conference this year. “We are(...)

The Jackson Hole resort will not be hosting the annual get together of central bankers this year.

Central bankers’ annual gathering at the Rocky Mountain resort of Jackson Hole in late August has often served as a crisis-fighting forum - from the c(...)

 Bank of England governor Andrew Bailey: Sub-zero rates more effective in ‘established upswing’. Photograph: Tolga Akmen/Reuters

The Bank of England has raised the prospect of cutting interest rates below zero – after the coronavirus crisis has passed. The idea that sub-zero ra(...)

Boris Johnson: Has the immediate political scope to move either way on the negotiations. Photograph:   Will Oliver/EPA

The abrupt end of the latest round of talks between Britain and the European Union a day earlier than planned was not only surprising but perplexing. (...)

Andrew Bailey was selected as governor of the Bank of England in December

Bank of England governor Andrew Bailey said on Monday that the central bank should start to reverse its quantitative easing asset purchases before rai(...)

Clothes stores were the hardest-hit category with sales down by more than 60 per cent.

British retail sales rebounded much more strongly than expected last month as the country gradually relaxed its coronavirus lockdown, but public borro(...)

The Bank of England’s governor reportedly held a conference call with Britain’s biggest lenders in which he emphasised that they needed to step up their plans for a no-deal Brexit. Photograph: Getty

Bank of England governor Andrew Bailey has told banks to step up their plans for the risk of Britain failing to reach a post-Brexit trade deal with th(...)

Photograph: iStock

The pound was flat against the dollar and euro in early London trading on Thursday, near the lows reached the days before on reports that Brexit talks(...)

Photograph: iStock

Sterling edged lower on Thursday against both the US dollar and the euro as a combination of business activity data and the risk of sub-zero interest (...)

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