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…

The groundswell of populist politics threatens to undermine central banks’ independence and hamper their ability to protect the long-term interests of the global economy, Andrew Bailey has warned. In a speech in London, the Bank of England governor accused populist parties of…