Andrew Bailey gives an overview on the state of the banking sector. His speech focuses on the future issues that are important for banks themselves and for broader monetary and financial stability. b-o-e.uk/4bDqlx4

#OTD in 1975, the old £10 banknote featuring Florence Nightingale was issued. #Nightingale was a social reformer who was instrumental in improving nursing standards during the Crimea War.

Today we have announced that banknotes featuring the portrait of King Charles III will be issued from 5 June 2024. For more information on the King Charles III banknotes see here: b-o-e.uk/49KGP4H

The Monetary Policy Committee voted by a majority of 8-1 to maintain #BankRate at 5.25%. b-o-e.uk/4cq0RmT

Governor Andrew Bailey explains today’s decision to hold interest rates at 5.25%.

This morning The King was presented with the first banknotes featuring his image during an Audience with Andrew Bailey, Governor of the @BankofEngland, and Sarah John, Chief Cashier and Executive Director of Banking.

Andrew Bailey, Governor of The Bank of England, and Sarah John, Chief Cashier and Executive Director of Banking, have presented King Charles III with the new banknotes featuring the King's image. Take a peek at the new King Charles III banknotes here: b-o-e.uk/4aJJeNp

Banknotes featuring King Charles III will be issued from 5 June. Notes featuring Queen Elizabeth II will remain legal tender and will co-circulate with the King Charles III notes. Find out more here: b-o-e.uk/43XIxxS

Delighted to have MPC member Jonathan Haskel visiting our region today. Thank you to Gordon's School for having us. What an amazing privilege to be hosted in this beautiful chapel!

Thank you to all the businesses who spoke to Jonathan Haskel today about the business conditions they are experiencing in Central Southern England!

The Monetary Policy Committee voted by a majority of 7-2 to maintain #BankRate at 5.25%. Find out more in our #MonetaryPolicyReport: b-o-e.uk/mpr-may-2024

Inflation is still above our 2% target. Lower oil and gas prices mean that inflation is likely to drop to around 2% in coming months before rising slightly. It should then settle back down again. b-o-e.uk/mpr-may-2024 #MonetaryPolicyReport #inflation

The progress we are seeing in the key economic data is encouraging, but we are not yet at the point of cutting interest rates. We need to see more evidence that inflation will stay low before we can do that. b-o-e.uk/mpr-may-2024 #MonetaryPolicyReport #inflation

Governor Andrew Bailey explains today’s decision to hold interest rates at 5.25%.

Today, we have announced our plans to expand our presence in Leeds. We will expand the Leeds office by at least 500 employees by 2027. The increased office space aims to improve trust and wider understanding of the Bank’s work across the UK. Read more: b-o-e.uk/3ynMHDv

Over 700 businesses across the UK have signed up to our free Banknote Checking Scheme. Through advice on best practice, banknote news, and contact with the Bank of England, your business can reduce financial loss caused by counterfeit banknotes. 👉 b-o-e.uk/3UMA0JN

King Charles III banknotes are being issued from today. Did you know King Charles is only the second ever monarch to feature on Bank of England banknotes? For more information on our new banknotes see here: b-o-e.uk/4c34vlR

Our Financial Stability Report looks at the risks in our financial system and what we are doing to ensure households and businesses can rely on it. b-o-e.uk/FSR-Jun-24 #FinancialStabilityReport

Today we have published our Your voice 2024 report. It is a summary of the conversations we’ve had across the country with members of the public, charities, and community groups about the continued impact of the cost of living squeeze. Read the report: b-o-e.uk/4f7FjNw

A global payments issue that was affecting the Bank of England's CHAPS service and delaying some high value and time-sensitive payments is now resolved. Read more: b-o-e.uk/3S882rl