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Bank of England's Bailey calls on policymakers to challenge the populists
Andrew Bailey highlighted that rising populism undermines economic risk assessments and erodes trust in institutions, urging policymakers to act beyond words to protect central bank independence.
- On January 16, 2026, Bank of England Governor Andrew Bailey urged financial policymakers to push back against populist politicians and signed a statement backing Jerome Powell and the US Federal Reserve.
- Amid rising populism, Bailey argued it erodes trust in domestic and international institutions and urged to `call out messenger shooting` and `challenge back, in deeds more than just words.`
- In a closed-door Bellagio Group speech on Tuesday, Bailey said agencies must be accountable for assessment accuracy and to ensure `our houses are in order`, following Powell's warning of a Fed indictment threat.
- With tensions rising, Bailey's intervention comes as Donald Trump’s administration escalates its confrontation with the Federal Reserve, while global central bank leaders said they `stand in full solidarity` and called preserving independence `critical`.
- Longer term, Bailey cautioned that declining trust could make international institutions and agencies appear distant, urging accountability for accuracy to preserve credibility and effective global risk assessment processes.
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Bank of England Governor Andrew Bailey called on global institutions, including central banks, to confront populist forces by putting order in "their own affairs." In a speech to a group of economists and central bankers, Andrew Bailey said that multilateral institutions, [...]
·Rabat, Morocco
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Coverage Details
Total News Sources24
Leaning Left4Leaning Right0Center12Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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