The Financial Times reports that Bank of England Governor Andrew Bailey has signalled markets are wrong to assume the bank will raise interest rates further.

The paper quotes him saying he would “caution against suggesting either that we are done with increasing bank rate, or that we will inevitably need to do more”. The paper says the comments are part of an effort to convince investors that Britain’s economic outlook is not the same as those of the US and eurozone economies.

The front page features an image of Tinubu – the recently elected president of Nigeria