Bank of England
Capitol House secured for long-term Leeds expansion from 2028
The Bank of England has secured a long-term lease at Capitol House in Leeds, planning to relocate from Yorkshire House in late 2028.
Focus
Two annual benchmark issues set to fund foreign currency reserves
The Bank of England has issued a market notice for its 2026 foreign currency reserve financing under its debt issuance programme.
Synthetic dollar funding costs vary by 7bp across dealer books
A Bank of England study shows synthetic dollar funding lacks a single price, with rates varying across dealer books.
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Market sees Bank Rate held at 3.75 percent through mid-2027
Market participants expect the Bank of England to maintain Bank Rate at 3.75 percent through July 2027 before gradual cuts toward a 3.25 percent equilibrium.
Bailey ties rate cuts to Middle East peace, rejects four-hike bets
Bank of England Governor Andrew Bailey stated on September 17, 2026, that interest rate cuts require an end to Middle East conflict and lower energy prices.
Eight MPC policy decision dates set for 2027
The Bank of England has set the schedule for its Monetary Policy Committee meetings in 2027 across eight rounds.
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Annual £20 billion sales to reduce APF gilt holdings to zero
UK government bond holdings in the Asset Purchase Facility will be reduced to zero through annual sales of £20 billion alongside maturing debt.
Inflation deviation triggers open letter to Chancellor
The Governor of the Bank of England has exchanged open letters with the Chancellor after inflation deviated by more than one percentage point from target.
Bank Rate held at 3.75 percent in 6-3 vote alongside full QT exit
The Bank of England's Monetary Policy Committee voted 6–3 to hold Bank Rate at 3.75 percent on September 16, 2026.
Gilts to back £99 billion in banknotes under new framework
Sterling banknotes will be backed primarily by UK government bonds under a new long-term balance sheet framework.
Craig, Nowak and Smits appointed to Court of Directors
Chancellor John Healey has appointed David Craig, Paul Nowak and Hanneke Smits to the Bank of England's Court of Directors for four-year terms.
Stablecoins need emergency liquidity backstops to scale safely
Bank of England policymaker Carolyn Wilkins stated that private stablecoins require robust crisis liquidity and regulatory backstops to operate safely at scale.