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Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars UK will slump to 1% growth next year as Trump tariffs bite, says OECD US firms say Trump trade war is hitting production as dollar nears

Inflation data shouldn’t deter us from rate cuts, says Bank policymaker

Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factors Business live – latest updates A member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing

UK interest rates more uncertain due to Trump policies, says Bank governor

Andrew Bailey tells MPs pattern of trade deals and lower tariffs ‘blown up’ with serious impacts for global economy Business live – latest updates The Bank of England governor, Andrew Bailey, has told MPs that the future path of interest rates in the UK has become more uncertain

Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the bloc Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England