Bailey Holds Fire on Rate Hikes | Business and Finance News

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Recorded29 Aug 2026

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Bank of England governor Andrew Bailey is taking a cautious stance on inflation, arguing the central bank doesn’t need to rush rate hikes despite rising prices. With inflation climbing from 2.6% to 2.9% and forecasts pointing toward 3% later this year, Bailey insists “second-round effects” remain mild — especially as a softening jobs market helps keep wage pressures in check. While some committee members pushed for action, most held steady, and markets expect no change at September’s meeting — though a small hike by year-end is possible. Bailey emphasized independence from U.S. Fed moves, while dissenting voice Catherine Mann warned that external price shocks still hit consumers hard and demand urgent response. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7f80b962b81735cf

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