Bank of England (BoE) Governor Andrew Bailey (R) and (BoE) Deputy Governor Clare Lombardelli (L) attend the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Deputy Governor Clare Lombardelli speaks during the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey speaks during the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey speaks during the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey speaks during the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey (R) and BoE Deputy Governor Clare Lombardelli (L) attend the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry Nicholls / POOL / AFP via Getty Images)

Bank of England (BoE) Governor Andrew Bailey attends the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)

A metro train runs through a neighbourhood in Chennai on July 30, 2026. (Photo by R.Satish BABU / AFP via Getty Images)