Bailey-King Debate: Bank's Pandemic Response
Update: 2025-12-12
Description
The Bank of Englands Governor, Andrew Bailey, defended the Banks quantitative easing measures during the pandemic, stating they were necessary to prevent widespread company failures and a breakdown of the banking system. However, his predecessor, Lord King, accused the Bank of contributing to Britains highest inflation in forty-one years. The debate continues over the long-term effects of the Banks pandemic response.
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