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Andrew Bailey

Executive

Andrew Bailey is the governor of the Bank of England.

Notable Quotes

"These scams are designed to criminally exploit the public, especially the vulnerable, when they are online."
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"Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise."
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"Lamentablemente, los anuncios falsos que suplantan la identidad del Banco de Inglaterra y de otros bancos centrales están en aumento."
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"Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise."
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"Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise."
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"These scams are designed to criminally exploit the public, especially the vulnerable, when they are online."
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"Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise."
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"Unfortunately, fake adverts impersonating the Bank of England and other central banks are on the rise. These scams are designed to criminally exploit the public, especially the vulnerable, when they are online."
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"Oil prices have fallen in recent days, and that's encouraging."
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"The Bank's job is to make sure that doesn't turn into sustained inflation above our 2% target."
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"I think holding is the right position to be in at the moment for that, so I think it's a sensible decision in the light of the news."
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"encouraging that oil prices had fallen following a peace deal between the US and Iran"
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"I think the level of activity and growth in the economy has been lower."
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"There [was] already some inflationary pressure in the pipeline."
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"Such displacement could mirror that seen during the Industrial Revolution."
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"the global economy faced a 'very big shock' from the war."
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"Bailey sees major cybersecurity risks in the new Anthropic model."
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"We are having to look very carefully now what this latest AI development could mean for the risk of cyber crime."
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"a very serious challenge for all of us"
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"Progress on international standards for stablecoins had slowed over the last year."
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"progress on international standards for stablecoins had slowed over the last year."
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"The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between artificial intelligence (AI) companies and hyper scalers, in a way that could amplify a future market correction."
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"appropriate steps to support safe and responsible model release and deployment on a global basis."
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"If we get a continuation of this conflict going on and oil prices stay above $100 a barrel... the odds are that interest rates will have to go up higher."
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"If you look at day to day... what's moving the market - in this respect, it's all to do with the conflict… also because what gets said about the conflict."
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"Regulating artificial intelligence (AI) is not the right place to start but instead called first for rigorous testing to find vulnerabilities and create safeguards to contain risk."
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"We should proceed with a degree of humility."
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"You could see some correction of asset prices at some point."
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"Everybody is currently priced to be a winner."
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"It's revealing things that have been in bits of operating software that we've had, and all of us have had."
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Related Stories

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".

October 1, 2026

Regulating AI 'not the right place to start' says Bailey

AI needs "rigorous" testing and safeguards to contain risk, Andrew Bailey says.

September 30, 2026

Interest rates hold expected but Bank of England facing tough choices

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

September 16, 2026

Borrowers expecting mortgage rates to drop have hopes dashed

Major lenders have raised rates on new deals in recent days, leaving many borrowers needing to make a decision.

September 8, 2026

AI could cause global economic downturn, Andrew Bailey warns G20

The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.

August 31, 2026

What's happening to UK interest rates and what does it mean for mortgages?

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

July 22, 2026

The secretive crypto firm backed by Farage's biggest donor

Tether is a giant in crytocurrency, an industry that Nigel Farage believes the UK should be embracing.

July 13, 2026

Brexit cost 6% of UK economy, Bank of England company data suggests

Analysis showed how much the UK could have grown if it had not exited the EU.

June 18, 2026

People starting new jobs at lowest level in five years

The Office for National Statistics says some areas of the jobs market are weakening, as vacancies continue to fall.

June 18, 2026

Interest rates expected to be held by Bank of England

The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.

June 17, 2026

Farage says Reform has contacted X 'to highest level' over fake AI ads

The fake ads feature the governor of the Bank of England - the Bank has urged people to report them.

June 9, 2026

UK long-term borrowing costs reach 28-year high

There have been extra jitters in UK government debt markets ahead of Thursday's local and national elections.

May 5, 2026

Bank of England to keep rates on hold while it gauges impact of Iran war - Reuters

Bank of England to keep rates on hold while it gauges impact of Iran war Reuters

April 27, 2026

Global cooperation on stablecoins critically important, BIS says - Reuters

Global cooperation on stablecoins critically important, BIS says Reuters

April 20, 2026

Mythos a serious threat but more will follow, Barclays CEO says - Reuters

Mythos a serious threat but more will follow, Barclays CEO says Reuters

April 17, 2026

Finance ministers and top bankers raise serious concerns about Mythos AI model

Experts say Mythos potentially has an unprecedented ability to identify and exploit cyber-security weaknesses.

April 17, 2026

BoE's Bailey sees major cybersecurity risks in new Anthropic model - Reuters

BoE's Bailey sees major cybersecurity risks in new Anthropic model Reuters

April 14, 2026

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings - Reuters

Economic shock of Middle East war to cast shadow over IMF, World Bank meetings Reuters

April 12, 2026

Fed asks about US banks' exposure to private credit firms, Bloomberg reports - Reuters

Fed asks about US banks' exposure to private credit firms, Bloomberg reports Reuters

April 10, 2026

OpenAI encourages firms to trial four-day weeks to adapt to AI era

The ChatGPT-maker said its early policy ideas aim to prompt discussions about action needed as AI systems become more capable.

April 7, 2026