Populism poses ‘serious challenge’ to central banks – Bailey
Monetary authorities need to respond to ‘growing scepticism’, BoE governor says
Populist political movements pose a “serious challenge” to central banks and other institutions that rely on power delegated by political leaders, Andrew Bailey said on September 4.
The Bank of England governor said such populist movements often claimed to speak for the people, despite only representing a narrow section of views. “Any institution seen to get in the way becomes an unrepresentative elite standing between the people and their will, and thus an obstacle to popular sovereignty,” he
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