BoE's Bailey says he favours greater trade and openness
SPY•Bank of England Governor Andrew Bailey said he favours greater trade and openness, calling it a source of growth and productivity. He spoke after the BoE raised interest rates for the first time since 2023.
1. Bailey backs openness
Andrew Bailey said he was broadly in favour of greater trade and openness when asked about closer ties between Britain and the European Union. He said trade and openness are sources of growth and productivity; the remarks came after the Bank of England raised interest rates for the first time since 2023.
