Bailey warns of threats from populism
BoE governor says institutions ‘have to challenge back’ against attempts to breed distrust
The governor of the Bank of England has warned of the threat that populism poses to the international economic rules-based order.
In a speech today (January 16), Andrew Bailey said populism attributed “unfavourable” domestic conditions to outside forces. It also opposed international trade openness and bred distrust in institutions that it portrayed as “acting for the benefit of powerful and uncontrollable interests”.
“For those of us who are institutionalised, the answer is that we have to
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 info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Global
US official outlines expanded role for poorer nations at IMF
Shambaugh discusses quota reform and new officials for developing countries
MAS’s Tharman urges investor action on global instability
War, stagflation risk, climate crisis, pandemic and uneven growth create “perfect long storm”
Consumer prices reach 30-year high in Canada
Wage increases fall below prices as consumers' inflation expectations reach record highs
IMF raises caps on loans to poorer countries
Reforms also provide new funding to anti-poverty trust
Book notes: A Global History of the Financial Crash of 2007–10
Book notes: A Global History of the Financial Crash of 2007–10
Interview: Malcolm Knight
Malcolm Knight, the new head of the Bank for International Settlements, calls for much deeper understanding of the way globalised financial markets actually function. As a global institution, the BIS is well placed to supply such analysis and to draw the…