AI boom could trigger market shocks, Bank of England boss warns
Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".


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Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

Burnham is heading to New York for the United Nations general assembly. If Andy Burnham wanted to inject some edge into his meeting with Donald Trump later (wh…

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The decision was announced a day after data showed the fastest pace of price increases in months.

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The U.K. central bank is monitoring for signs that higher energy costs are spilling over into everyday prices.
The Bank of England is expected to keep rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs keep pressure on prices.

Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.

Inflation in the United Kingdom has risen to a five-month high, an increase that will pressure the Bank of England to hike interest rates again over coming mon…

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Inflation accelerated again in August to its highest level since March, keeping price pressures well above the Bank of England's target ahead of a rate decisio…
The reading comes just hours before the Bank of England updates its monetary policy.

A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government de…

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Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds. Economists have urged the chancellor, John Healey,…

Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.

Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising system. The Bank of England's governor, Andrew Bailey, h…

The UK plans to expand the Bank of England's remit to support digital payments innovation, including stablecoins, while keeping financial stability first.

The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement.

The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.

The Bank of England on Thursday held U.K. interest rates steady at 3.75%, in line with economists' expectations.

The U.K. central bank may yet raise interest rates if the Strait of Hormuz remains closed.
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel. Business live - latest updates. The Bank of England has kept UK interes…

Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel. Climate campaigners have declared a victory after the Ba…

The Bank of England approved HSBC Orion to go live in its Digital Securities Sandbox, with the first Digital Gilt Instrument transaction expected in the first…

Andrew Bailey warns that US will not be able to achieve its ambitions alone. The Bank of England governor has called for international cooperation to tackle gr…

Direct oversight of 'critical third parties' such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy. The Bank of E…

Chief economist at the Bank of England says slower growth and inflationary pressures mean rate rise needed

Andrew Bailey reportedly said Bank of England policy remained independent after a meeting with Nigel Farage that included discussions on cryptocurrency.

Exclusive: Andrew Bailey says no policy changes were made as a result of pressure from crypto tycoon-backed Reform leaderUK politics live - latest updates. The…

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