Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
ECB Rate Hike in Focus as Oil Tops $100 
AI is supercharging money scams – here’s what you can do to protect yourself 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Fed Chair Warsh Faces Key Jackson Hole Test 
Add as a preferred source on Google
Today, the Bank of England maintained Bank Rate at 3.75%, therefore six straight meetings without a rate adjustment. The Monetary Policy Committee decided six-three; three members preferred a 25-basis-point increase to 4%. Though the Bank of England cautioned that energy-price pressures may drive inflation above 4% by early 2027, UK CPI inflation increased to 3.1% in August.
The MPC also unanimously accepted a multi-year plan to cut its government-bond holdings to zero, combining yearly gilt sales of £20 billion with bond maturities; the implied average decrease is around £46 billion per year through 2034. Though the rate hold was hawkish, Governor Andrew Bailey said that if energy-driven inflation persists, politicians still stand ready to tighten policy. The pound at first strengthened but then fell as markets took the result as less aggressive than some projections.
