The Bank of England could move a "bit more aggressively" on interest rate cuts, Governor Andrew Bailey said in an interview with The Guardian newspaper, published online on Thursday, causing a steep fall in the pound to a near three-week low.
The BoE had reduced its benchmark rate by a quarter-point in August, which was the first reduction since March 2020. In a tight 5-4 vote, the bank had cut the rate to 5.00 from a 16-year high level.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.