Bank of England Governor Andrew Bailey gestures during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Deputy Governor for Financial Stability Sarah Breeden (L) listens as Bank of England Governor Andrew Bailey speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey arrives to speak at the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Deputy Governor for Financial Stability Sarah Breeden, speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)

Bank of England Governor Andrew Bailey speaks during the central bank's Financial Stability Report press conference at the Bank of England (BoE) in London on July 7, 2026. (Photo by Doug Peters / POOL / AFP via Getty Images)