Bank of England Governor Andrew Bailey smiles 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)

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)

TOPSHOT - A labourer works at an iron factory in Lahore on April 30, 2026. (Photo by Arif ALI / AFP via Getty Images)

Bank of England Governor Andrew Bailey arrives for 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)

Bank of England Governor Andrew Bailey 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)