Bank of England Governor Andrew Bailey reacts during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey gestures as he speaks during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)

Gas prices are displayed at a gasoline station, Tuesday, April 7, 2026, in Los Angeles. (AP Photo/Damian Dovarganes)

Bank of England (BoE) Deputy Governor Clare Lombardelli (L), BoE Governor Andrew Bailey (2nd L), head of media Katie Martin (2nd R) and BoE Deputy Governor for Markets and Banking Dave Ramsden (R) listen during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey listens during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)

Fishermen work aboard their boat off the coast of Mumbai on April 30, 2026. (Photo by Punit PARANJPE / AFP via Getty Images)

Bank of England Governor Andrew Bailey gestures as he speaks during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey gestures as he speaks during the Monetary Policy Report press conference at the Bank of England (BoE) in London on April 30, 2026. (Photo by Kirsty Wigglesworth / POOL / AFP via Getty Images)