Follow Bank of England through LedgerWire reporting. 3 reports with clear summaries and linked sources.
The Bank of England's Monetary Policy Committee held Bank Rate at 3.75%. Inflation reached 3.1%, and the Bank expects it to rise further as higher energy costs, linked to Middle East conflict, feed through to bills and motor fuel. It said evidence of significant knock-on effects on prices and wages remains limited so far.
Bank of England holds Bank Rate at 3.75% as energy prices lift inflation ↗The Bank of England kept Bank Rate at 3.75% as inflation reached 3.1%, warning that higher energy prices could push inflation up further and risk longer-term effects.
CMORG completed SIMEX26, a biennial exercise simulating a global cloud services disruption. 38 major banks and market infrastructure operators took part.
Andrew Bailey says the financial system has weathered repeated shocks, but weaker growth, supply disruptions, rising debt and AI exposures create risks that require credible policy.
