Bank of England Governor Warns Populism Threatens Central Bank Independence

Andrew Bailey warns of populist threat to central bank independence

Bank of England governor says claims by some political leaders that rate-setters are ‘an unrepresentative elite’ pose ‘serious challenge’

Populism poses serious challenge to independent central banks, Bailey says

Bank of England governor says central bankers must explain decisions or risk being seen as ‘unrepresentative elite’ The governor of the Bank of England has said the rise of populist politicians presents a serious challenge to independent central banks. As Nigel Farage’s Reform UK gathered for its annual conference in Birmingham, Andrew Bailey said central bankers must be prepared to explain their decisions to the public, or risk being attacked as an “unrepresentative elite”. Continue reading...

By Heather Stewart

Central banks face ‘serious challenge’ from populism, says Bank of England boss

Andrew Bailey said the Bank should be insulated from ‘short-term political pressures’.

By Anna Wise