A metro train runs through a neighbourhood in Chennai on July 30, 2026. (Photo by R.Satish BABU / 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 attends 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 takes part in 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 takes part in 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)

(L to R) Bank of England (BoE) Deputy Governor Clare Lombardelli, BoE Governor Andrew Bailey, head of media Katie Martin and BoE Deputy Governor for Markets and Banking Dave Ramsden (R) take part in the Monetary Policy Report press conference in London on July 30, 2026. (Photo by Henry NICHOLLS / POOL / AFP via Getty Images)