Bailey seen as ‘safe’ leader for BofE, despite lack of monetary experience

By Jasper Cox
20 Dec 2019

Andrew Bailey is seen as a ‘safe pair of hands’ as the new governor of the Bank of England. But while he is a veteran of the bank, his views on monetary policy are not well known, as he has never served on the Monetary Policy Committee. In that respect, though a career central banker, he resembles Christine Lagarde, who has taken the helm at the European Central Bank.

Bailey will take over on March 16, it was announced on Friday morning. Mark Carney will leave the post the day before.

Bailey had been one of the favourites for the role, and as he is to some extent a continuity candidate. Financial markets appeared largely unmoved by ...

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