Bailey defends BoE’s independence


The governor of the Bank of England has vehemently denied that actions taken during the pandemic threaten the institution’s independence.

During remarks on February 5, Andrew Bailey said he was aware of claims the BoE had “flouted rules” during the pandemic through the purchase of government debt and lowering the cost of government borrowing.

“I am glad that central bank independence is being vigilantly scrutinised,” he said. “But I’m sorry to have to be blunt, I’m afraid these arguments are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: