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29.05.26 - 20:18
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BOE′s Bailey Says UK Banks Don′t Have Access to Mythos (Bloomberg)
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Bank of England Governor Andrew Bailey says that British banks are still locked out of using Anthropic PBC's powerful new AI tool. Speaking with Bloomberg's Stephanie Flanders at a central banking conference in Iceland, Bailey adds that banks are using other models to test their cyberdefenses. (Source: Bloomberg)...
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29.05.26 - 20:12
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BOE′s Bailey on AI Risks, Private Credit and Crypto (Bloomberg)
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Bank of England Governor Andrew Bailey discusses the emerging risks from frontier AI models, the recent concerns about the private credit market and the central bank's stablecoin proposals. He speaks with Bloomberg's Stephanie Flanders at a central banking conference in Iceland. (Source: Bloomberg)...
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29.05.26 - 15:00
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Bank of England′s Bailey says no rush to raise interest rates amid Iran war uncertainty (The Guardian)
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Inflation can be tolerated above 2% target for now 'given context of softness in real economy', governor saysBusiness live – latest updatesThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK's growth rate stays weak, the governor, Andrew Bailey, said.In a signal that borrowing costs will remain at 3.75% at least during the summer, Bailey said it was tolerable for inflation to stay above the Bank's 2% target during the current crisis. However, that would change if a more permanent increase in prices began to take effect. Continue reading......
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29.05.26 - 12:18
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BOE May Bear Temporary Above-Target Inflation to Support UK, Bailey Says (Bloomberg)
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The Bank of England could temporarily tolerate inflation staying above its 2% target in order to support the UK's weak economy, Governor Andrew Bailey said, so long as second-round price effects do not emerge. “Given the context of softness in the real economy and uncertainty around the scale and duration of the shock, tolerating temporarily above-target inflation to provide some support for the real economy is an appropriate way to approach the trade-off,” Bailey said at an economic conference in Reykjavík, Iceland. (Source: Bloomberg)...
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