Published by Global Banking & Finance Review®
Posted on January 16, 2026
1 min readLast updated: January 19, 2026
Add as preferred source on GoogleBank of England's Andrew Bailey calls for policymakers to confront populism, which complicates global economic risk assessments.
LONDON, Jan 16 (Reuters) - Bank of England Governor Andrew Bailey said financial policymakers had to push back against attempts by populist politicians to discredit them.
In remarks published on Friday, Bailey said populism made it harder for global agencies - typically organisations such as the International Monetary Fund - to spell out risks in the world economy.
"Part of the purpose of international agencies is that from time to time they have to tell us what we don't want to hear, let alone act upon," Bailey said in the text of a speech he made at a closed-door meeting of the Bellagio Group of economists, central bankers and finance officials on Tuesday.
"For those of us who are institutionalised, the answer is that we have to challenge back, in deeds more than just words. But, we have to ensure our houses are in order too."
(Writing by William Schomberg; editing by Suban Abdulla)
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation and stabilizing currency.
Financial stability is a condition where the financial system operates effectively, with institutions able to withstand shocks, ensuring the smooth functioning of financial markets and the economy.
International organizations are entities formed by multiple countries to work together on common goals, such as economic stability, security, and development. Examples include the IMF and World Bank.
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