Andrew Bailey says that although the financial system has remained resilient through repeated geopolitical and economic shocks, weaker growth, persistent supply disruptions, rising sovereign debt, ...

The Governor of the Bank of England, Andrew Bailey, has announced that Rhys Phillips will be the next Chief Cashier and Director of Notes. He will take up the role on 19 October 2026. Governor Andrew ...

Domestic and foreign insurer corporate bond ...

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Sarah became Chief Operating Officer in April 2025. She is responsible for the day-to-day operations of the Bank, including Human Resources, Property, IT and Security. Sarah was Chief Cashier from ...

How do we know what the rate of inflation is? Every month, the Office for National Statistics checks the prices of about 700 items in a ‘basket’ of goods and services, which is designed to represent ...

The IEO is an independent unit that sits within the Bank. It operates at arm’s length from other areas so as not to compromise the independence of the Bank’s policy making. The Court of Directors has ...

If you are borrowing money, the interest rate (or lending rate) is the amount you are charged for doing so – shown as a percentage of the total amount of the loan. The higher the percentage, the more ...

The Bank of England and the Prudential Regulation Authority (PRA) publish separate Annual Reports and Accounts. The reports provide information on our activities and finances for the preceding year.

Minutes of the Money Market Committee meeting ...

The UK’s bank resolution framework has a clear statutory order in which shareholders and creditors would bear losses in a resolution or insolvency scenario. This was the approach used for the recent ...