David Milliken

London

Senior Economics Correspondent at Reuters

Reuters economics reporter covering the Bank of England, HM Treasury and bond markets. Once upon a time in 🇩🇪 and 🇧🇪. DMs open. RTs ≠ my view. Also on 🦋

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Articles

Bank of England cuts rates in split decision before US tariff deal

5 days ago | uk.marketscreener.com | David Milliken |Suban Abdulla |William Schomberg

(Corrects breakdown of tariff impact in paragraph 18 of May 8 article to show two-thirds of impact is due to the direct effect of tariffs on demand for UK imports rather than because of weaker global growth) LONDON (Reuters) -The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
US tariffs unlikely to have 'dramatic' UK impact, BoE chief economist says

5 days ago | marketscreener.com | David Milliken

LONDON (Reuters) -U.S. tariffs are not likely to have a "dramatic" effect on Britain's economy and the Bank of England should not neglect longer-term domestic pressures that might push up on inflation, BoE Chief Economist Huw Pill said on Friday. Pill, who voted against Thursday's quarter-point BoE rate cut, said he understood the BoE's "gradual and careful" approach to future rate cuts as requiring it to be agile and alert to changes in the economy that might require a different approach.
対米貿易合意「良いニュース」、輸出関税はなお高い＝英中銀総裁

5 days ago | jp.reuters.com | David Milliken

イングランド銀行（英中央銀行）のベイリー総裁（写真）は、米英間の貿易合意は「良いニュース」だとしつつ、それでもほとんどの英国製品の対米輸出関税は高いままだと述べた。８日撮影（２０２５年　ロイター/Carlos Jasso）[ロンドン９日ロイター] - イングランド銀行（英中央銀行）のベイリー総裁は、米英間の貿易合意は「良いニュース」だとしつつ、それでもほとんどの英国製品の対米輸出関税は高いままだと述べた。レイキャビクで開催された経済学会議での質疑応答で「このような事態が起こる前よりも実効関税率が高いままとなることについては心にとめる必要がある」と語った。これに先立つ９日にＢＢＣが伝えたインタビューでは、英国は欧州連合（ＥＵ）離脱に伴うＥＵへの財輸出の落ち込みを反転させるために「できることは全て」やるべきだと述べた。私たちの行動規範：トムソン・ロイター「信頼の原則」, opens new tab
Acordo com EUA é "boa notícia", mas tarifas continuam mais altas, diz presidente do BC britânico

5 days ago | terra.com.br | David Milliken

O presidente do Banco da Inglaterra, Andrew Bailey, disse que o acordo comercial entre os Estados Unidos e o Reino Unido foi positivo, mas ainda deixou as tarifas sobre a maioria das exportações de produtos britânicos mais altas do que eram antes do mês passado.
US-UK deal 'good news' but tariffs still higher, Bank of England governor says

5 days ago | marketscreener.com | David Milliken

LONDON (Reuters) - Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month. Before details of the deal were announced on Thursday, the BoE published estimates showing U.S. President Donald Trump's tariff plans as of April 29 would shrink Britain's economy by about 0.3% over three years.
US-UK deal 'good news' but tariffs still higher, Bank of England governor says

5 days ago | finance.yahoo.com | David Milliken

By David Milliken LONDON (Reuters) - Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month. Before details of the deal were announced on Thursday, the BoE published estimates showing U.S. President Donald Trump's tariff plans as of April 29 would shrink Britain's economy by about 0.3% over three years.
BoE's Bailey says interest rates not on 'auto-pilot'

6 days ago | zawya.com | David Milliken

Home page>WORLD>UK and Europe>BoE's Bailey says intere... ECONOMYHe was speaking at a press conference after the Bank of England cut its main interest rate by 0.25 percentage points to 4.25%May 8, 2025Bank of England Governor Andrew Bailey said on Thursday interest rates were not on "auto-pilot" and cannot be, and the central bank must continue to respond carefully to the evolving economic circumstances and the outlook for inflation.
Bank of England cuts rates to 4.25% as it sees tariff hit to growth

6 days ago | reuters.com | David Milliken |Suban Abdulla |William Schomberg

Bank of England cuts main interest rate to 4.25%Policymaker vote unexpectedly split three waysSees tariffs weighing on growth, pushing down on inflationFollow Reuters Live for latest developmentsLONDON, May 8 (Reuters) - The Bank of England cut interest rates on Thursday, although the uncertain impact of U.S. President Donald Trump's tariffs on economic growth brought a surprise three-way split among policymakers.
BoE cuts rates to 4.25pc as it sees tariff hit to growth

6 days ago | afr.com | David Milliken |Suban Abdulla |William Schomberg

David Milliken, Suban Abdulla and William SchombergMay 8, 2025 – 10.25pm or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? London | The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US President Donald Trump’s tariffs weigh on global economic growth.
BoE's Bailey welcomes potential UK-US trade deal

6 days ago | zawya.com | David Milliken

Bank of England Governor Andrew Bailey said on Thursday he welcomed news that Britain was poised to strike a trade deal with the United States, saying it will help reduce uncertainty. "I very much welcome it, and I think it's very well done to those involved, and the reason for saying that is that it will help to reduce uncertainty," he said at a press conference, adding that he was not briefed on the content of the agreement.