Published by Global Banking & Finance Review®
Posted on February 5, 2026
1 min readLast updated: February 5, 2026
Add as preferred source on GoogleBank of England's Andrew Bailey shares positive news on interest rates, highlighting progress in disinflation and economic stability.
LONDON, Feb 5 (Reuters) - Bank of England governor Andrew Bailey said on Thursday that his main message was one of good news, speaking after central bank's decision to keep interest rates on hold at 3.75%, following an unexpectedly narrow 5-4 vote.
"My main message today is one of good news. Disinflation is on track and looks to be ahead of the schedule that we expected in November," Bailey told a press conference.
(Reporting by David Milliken; Writing by Catarina Demony; Editing by William James)
Disinflation refers to a decrease in the rate of inflation, meaning that prices are still rising but at a slower pace. It indicates an easing of inflationary pressures in the economy.
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage. They are set by central banks and influence economic activity.
Monetary policy is the process by which a central bank manages the supply of money and interest rates to achieve macroeconomic objectives such as controlling inflation and stabilizing currency.
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