Andrew Bailey: “If you come out of the session talking about an insurance hike, I’m afraid you haven’t understood what we said.”

I’m comfortable to wait and see. Three of my colleagues thought it was already time to act.

The issue is not simply that investors are borrowing more, but that leverage is interacting with high valuations and market concentration, in particular the increasing cross-investment between artificial intelligence (AI) companies and…

Please do not leave this room thinking that the Bank of England is edging towards a hike, because frankly, there's nothing in what I said, and I think any of us have said along those lines.

The UK economy is an open economy relative to others, which means we have to spend more time considering the effect of the broader world.