Andrew Bailey

Officials from three of the world’s leading central banks have now hinted at potential interest rate cuts in the upcoming months. This move comes as the global economy continues to recover from the inflationary effects of the pandemic. What Happened: Jerome Powell, the Chair of the Federal...

The Bank of England (BoE) reduced its key interest rate by 25 basis points for the first time after over four years, bringing it down from a 16-year high of 5.25% to 5%. The Monetary Policy Committee was divided, with five members, including Governor Andrew Bailey, voting for a rate cut while four...

The UK’s inflation rate has finally hit the Bank of England’s target of 2%, marking the first time in nearly three years. However, this development may not be enough to prompt immediate rate cuts, according to a prominent economist. What Happened: The Consumer Prices Index rose by 2% in...

The Bank of England (BoE) kept interest rates unchanged at 5.25% at its May meeting. Market participants anticipated this decision, which reaffirms the commitment to returning inflation to the 2% target. The decision was made with a 7-2 split in the vote. Monetary Policy Committee (MPC) members...

After a California judge dismissed Elon Musk's lawsuit against Center for Countering Digital Hate or CCDH, the tech billionaire is now supporting the Missouri attorney general's legal action against Media Matters. What Happened: On Monday, Missouri Attorney General Andrew Bailey took to X, formerly...

After the British pound tumbled to its record low on Monday following the U.K. government’s huge tax cut announcements, speculators in the options market are taking positions that indicate the currency will fall to $1 or below, reported Bloomberg. Three-month risk-reversal contracts...