The Latest Breaking News from Andrew Bailey

Exclusive: Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive

The US state of Missouri on Tuesday executed death row inmate Marcellus Williams for the 1998 murder of a woman, even though the prosecutor's office that secured his murder conviction 21 years ago expressed doubts about the integrity of the case. The victim's family had pleaded with authorities to spare…

Williams long maintained his innocence and the killing was opposed by victim’s family, jurors and office that tried him

Prosecutors raise concerns about lack of evidence as family of victim supports saving Williams from the death penalty

Central bank’s governor warns consumers not to expect a return to near-zero rates

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.

Monetary Policy Committee votes to keep rates on hold

Marcellus Williams faces legal challenges as doubts arise over his conviction in a 1998 murder case.

City expects action in Threadneedle Street in November

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated