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 UK gathered for its annual conference in Birmingham, Andrew Bailey said central bankers must be prepared to explain their decisions to the public or risk being attacked as an “unrepresentative elite”.