BoE governor warns populism threatens central bank independence

Bank of England Governor Andrew Bailey stated that the rise of populist politicians poses a serious challenge to independent central banks, urging central bankers to better explain decisions to avoid being seen as an 'unrepresentative elite'. The remarks, made as Reform UK held its annual conference, signal growing political pressure on monetary institutions in the UK. The statement is rhetorical, with no immediate policy change, but highlights a trend of populist critique that could influence future central bank independence.