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The latest NewsJaws reporting on Bank of England: developments, background and what happens next, with every source linked.
4 NewsJaws reports, latest
The Financial Policy Committee says higher bond yields, growing AI-related borrowing and operational threats could reinforce one another, while judging UK banks resilient.
Andrew Bailey says authorities should retain the ability to intervene in AI systems, while the Bank of England’s financial policy committee warns of cyber risks and growing AI debt.
Andrew Bailey says testing and credible ways to intervene should come before the design of formal AI rules, citing cyber risks to the financial system.
UK GDP grew by a revised 0.5% in the second quarter, the ONS said. Stronger services and net trade helped, while the Bank of England separately warned of rising financial risks.