Regulatory Alerts2026-06-18
Transcript of the Governor's pooled broadcast interview given on 18 June 2026
Governor Andrew Bailey of the Bank of England confirmed that interest rates remain at 3.75% to ensure inflation returns to the 2% target despite recent declines in energy prices. He emphasized continued caution regarding the stability of Middle East peace agreements and the assessment of energy infrastructure damage while declining to comment on political instability during a by-election. Additionally, Bailey assessed that Brexit has negatively impacted economic growth and productivity but has been less detrimental to the City of London's financial markets than initially predicted.
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