🇬🇧 Bailey warns on an AI bubble as Mann pushes the Bank of England toward a November hike

Macro Soup Newsroom October 1, 2026 4 min read

Catherine Mann wants a November hike to 4.00% Bank Rate. Andrew Bailey is just as focused on a global AI investment boom, now near $450bn in debt issuance, that poses risks the Bank can't price or control.

Annual UK house-price growth halved to its weakest pace since December 2025 as markets priced further Bank Rate increases and mortgage costs stayed elevated. Source

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Central banks rarely admit they're watching two fires burn in different directions. This week the Bank of England (BoE) did exactly that.

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Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

The week in view

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The Strategy

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📰 Weekly Macro Roundup: 2026-10-10

🇨🇳 China sold more holiday trips at lower prices, and Beijing's stimulus is going to producers

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