Europe

Bank of England

Sounds hawkish lately +0.02 Live feed

Speeches: 854
First speech: Dec 16, 1996
Latest speech: Oct 23, 2026
Tone vs coming rate moves: +0.18; rank correlation

Does the tone run ahead of the rate?

Speech tone over the previous three months, and the policy rate at the end of each month, on the same timeline. Hover over either chart to read the same month in both.

Speech tone

Policy rate

Latest speeches

Each speech's tone is the average over its sentences about policy, prices, rates or the economy. Open a speech to read it in full.

Date	Speech	Tone
Oct 23, 2026	Physical shocks and economic resilience: a central bank perspective − speech by James Talbot Live feed	−0.02
Oct 22, 2026	The PRA’s second decade − speech by Katharine Braddick Live feed	+0.09
Oct 20, 2026	Learning about earnings: Can we rely on labour market slack to mitigate the latest supply shock? − speech by Megan Greene Live feed	+0.18
Oct 15, 2026	The importance of public engagement in maintaining trust in banknotes - Speech by Victoria Cleland Live feed	+0.01
Oct 8, 2026	Financial resilience in an age of repeated shocks - speech by Andrew Bailey Live feed	−0.04
Oct 5, 2026	More than a change of address: Reflections from previous part VIII transfers − speech by Manuel Sales Live feed	+0.02
Oct 1, 2026	A unique vantage point − speech by Nathanaël Benjamin Live feed	−0.13
Oct 1, 2026	New horizons: the legal and commercial frontier of digital assets − speech by Sasha Mills Live feed	−0.07
Oct 1, 2026	Financial conditions: what’s priced in? − speech by Catherine L. Mann Live feed	+0.11
Sep 29, 2026	Searching for signposts − speech by Alan Taylor Live feed	+0.19
Sep 28, 2026	Quantitative tightening: the next chapter − speech by Dave Ramsden Live feed	−0.02
Sep 24, 2026	The outlook for inflation − speech by Clare Lombardelli Live feed	+0.20
Sep 23, 2026	No bank too big to fail, and none too small to resolve − speech by Ruth Smith Live feed	+0.00
Sep 15, 2026	Money and power: lessons from history for stablecoins and US dollar dominance – speech by Carolyn Wilkins Live feed	−0.09
Sep 4, 2026	The institutional form of independent central banks: from history to contemporary challenges - speech by Andrew Bailey Live feed	−0.01
Sep 3, 2026	Homophones – Remarks by Huw Pill Live feed	+0.05
Jul 21, 2026	It’s all about the role of money - speech by Nathanaël Benjamin Live feed	−0.11
Jul 15, 2026	The role of research in Prudential Regulation − speech by David Bailey Live feed	−0.01
Jul 14, 2026	Growth and regulation - speech by Andrew Bailey Live feed	+0.00
Jul 13, 2026	Testing times require time for testing − speech by Ruth Smith Live feed	−0.06
Jul 2, 2026	Mixed signals, research findings, and policy judgements − speech by Catherine L. Mann Live feed	+0.13
Jun 30, 2026	Agents of change − speech by Sarah Breeden Live feed	+0.14
Jun 25, 2026	A sea change in regulatory investigations and enforcement − speech by David Chaplin Live feed	+0.09
Jun 24, 2026	Running on empty: Climate risks and the fragility of global energy and food supply chains − speech by Swati Dhingra Live feed	+0.11
Jun 23, 2026	Central reservations − speech by Alan Taylor Live feed	−0.00
May 29, 2026	Andrew Bailey: Remaining anchored - monetary policy in an unpredictable world Andrew Bailey	+0.06
May 21, 2026	Andrew Bailey: Can AI make cutlery? Andrew Bailey	−0.06
May 19, 2026	Sarah Breeden: Modernising money and markets Sarah Breeden	−0.04
May 12, 2026	Sam Woods: Clinical supervision Sam Woods	−0.07
Apr 17, 2026	Sarah Breeden: This time is different? Sarah Breeden	+0.01
Apr 14, 2026	Andrew Bailey: Central bank independence – in need of further thinking Andrew Bailey	−0.06
Mar 12, 2026	Andrew Bailey: Reforming cross-border payments Andrew Bailey	−0.26
Feb 2, 2026	Sarah Breeden: Talking 'bout next generation Sarah Breeden	−0.02
Jan 14, 2026	David Ramsden: The evolution of the Bank's approach to resolution David Ramsden	−0.16
Oct 15, 2025	Sarah Breeden: Not just token gestures Sarah Breeden	+0.03
Oct 3, 2025	Andrew Bailey: Challenges to financial stability Andrew Bailey	−0.10
Sep 30, 2025	Sarah Breeden: Bumps in the road? Sarah Breeden	+0.14
Sep 3, 2025	Sarah Breeden: Building trust and supporting innovation in the multi-moneyverse Sarah Breeden	+0.01
Jul 15, 2025	Andrew Bailey: The future of the multilateral economic system, and some news on the UK payments infrastructure Andrew Bailey	+0.01
Jul 10, 2025	Sarah Breeden: Weathering the storm - stability in a changing climate Sarah Breeden	+0.20
Jun 29, 2025	Andrew Bailey: The meaning of reserve currency Andrew Bailey	+0.07
Jun 26, 2025	Andrew Bailey: The UK economy in an unpredictable world Andrew Bailey	+0.14
Jun 24, 2025	Andrew Bailey: Revisiting the Norman Conquest of $4.86. Thoughts for the world today Andrew Bailey	−0.02
Jun 24, 2025	David Ramsden: Navigating an uncertain outlook - the signals from the labour market David Ramsden	+0.09
Jun 20, 2025	Andrew Bailey: Central Banking in extreme adversity Andrew Bailey	+0.04
May 29, 2025	Andrew Bailey: State of trade Andrew Bailey	+0.01
May 16, 2025	Clare Lombardelli: Central bank communications and uncertainty Clare Lombardelli	+0.05
May 14, 2025	Sarah Breeden: A system-wide approach to system-wide resilience - CCPs and their users Sarah Breeden	−0.12
May 12, 2025	Clare Lombardelli: What if things are different? Clare Lombardelli	−0.03
May 6, 2025	Sarah Breeden: International payment rails - the value of a harmonised gauge Sarah Breeden	−0.02
Apr 29, 2025	David Ramsden: Renewed RTGS - digital public infrastructure as a platform for innovation David Ramsden	−0.02
Mar 25, 2025	Andrew Bailey: Growth - what does it take in today's world? Andrew Bailey	+0.07
Feb 28, 2025	David Ramsden: Surveys, forecasts and scenarios - setting UK monetary policy under uncertainty David Ramsden	+0.06
Feb 11, 2025	Andrew Bailey: Are we underestimating changes in financial markets? Andrew Bailey	−0.04
Jan 17, 2025	Andrew Bailey: A central banker's view of global challenges and expectations for the Bretton Woods Institutions' response Andrew Bailey	−0.19
Jan 9, 2025	Sarah Breeden: Reading between the lines Sarah Breeden	+0.03
Nov 25, 2024	Clare Lombardelli: Managing the present, shaping the future Clare Lombardelli	+0.15
Nov 20, 2024	David Ramsden: Back to the future 2 - keeping inflation close to the 2% target David Ramsden	+0.10
Oct 31, 2024	Sarah Breeden: Engaging with the machine - AI and financial stability Sarah Breeden	−0.02
Oct 26, 2024	Andrew Bailey: The future of money and payments Andrew Bailey	−0.01

Next: Across all central banksHow tone lines up with rate moves at every bank tested, and whether it predicts them.