Nov 14, 2024 · Andrew Bailey is the Governor of the Bank of England and Chair of the Monetary Policy Committee, Financial Policy Committee and the Prudential Regulation Committee. His appointment as Governor was announced on 20 November 2019.

Member Governor’s Executive Committee/Team, Bank of England, 2004-2016 Member Financial Stability Board, Bank of England, 2006-2011 Member Interim Financial Policy Committee, Bank of England, 2012-2013

Jun 27, 2024 · Today’s challenges in Financial Stability: the new and the not so new - speech by Andrew Bailey

Jan 15, 2025 · Now, a Governor of the Bank of England cannot make a speech on this subject without invoking the spirit of Walter Bagehot, it’s just not done. It was Bagehot in his book “Lombard Street” written in 1873, who chastised the Bank of England for the hesitancy of its approach towards advancing liquidity.

Jan 15, 2025 · In this speech, Andrew Bailey emphasises the need to modernise payment systems, particularly cross-border and wholesale payments, by harnessing digital technology. He discusses the roles of central bank and commercial bank money, the importance of innovation, and the potential for a retail Central Bank Digital Currency (CBDC) if innovation in ...

Jan 15, 2025 · In this speech, Andrew Bailey discusses global financial stability, emphasising the importance of understanding financial theory and learning the lessons from history.

Jan 15, 2025 · In this speech, Andrew discusses growth in the economy and why it matters. He poses five questions on what we should do to tackle issues of potential supply, and support growth in the economy in the future.

Jan 15, 2025 · Simply put, when inflation is too high, we increase Bank Rate to dampen demand; when inflation is too low, we reduce Bank Rate to boost demand. In reality, things are of course more complicated. For a start, monetary policy operates with a lag.

Jan 15, 2025 · In this speech Andrew Bailey describes the benefits of openness and the risks posed by fragmentation for the world economy and financial stability. He talks about the role global standards play in supporting financial openness and outlines the value of co-operation and co-ordination in pursuit of the common goal of financial stability.

Jan 15, 2025 · Changes in Bank Rate appear to have passed through as would be expected into new mortgage and corporate borrowing rates. While pass-through into household sight deposit rates has been muted, rates on term deposits and fixed-rate bonds have risen more in line with changes in reference rates.