Published by Global Banking & Finance Review®
Posted on March 24, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleBoE Governor Andrew Bailey urges global cooperation to tackle trade strains caused by U.S. policies, advocating for multilateral solutions.
LEICESTER, England (Reuters) - Bank of England Governor Andrew Bailey reiterated on Monday his call for cooperation among the world's economies to resolve strains in the global trading system, which is facing upheaval from the policies of U.S. President Donald Trump.
"These two points - domestic macroeconomic forces and trade policy - are not incompatible," Bailey said in the text of a speech to be delivered at the University of Leicester.
"They sit together. My final point here is that to solve these issues we need authorities to come together and strengthen the rules of engagement in a multilateral setting," he said.
(Reporting by David Milliken; Writing by William Schomberg)
The main topic is the call for global cooperation to resolve trade strains in the global trading system.
Andrew Bailey is the Governor of the Bank of England, advocating for multilateral cooperation on trade issues.
Global cooperation is crucial to address trade strains and strengthen international trade rules.
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