Andrew Bailey

Bailey joins IMF in warning of AI financing risks

The International Monetary Fund says three risks are building under markets that have so far held up well: a correction driven by artificial intelligence, a sharper rise in government bond yields, and cyberattacks. All three, it warns, could be made…

Bailey urges credible debt plans as bond selloff deepens

A worldwide selloff in government bonds pushed long-term borrowing costs in the United States and Britain to their highest levels in more than two decades this week. Higher oil prices linked to the Iran war added to inflation fears, and…

Bailey warns of ‘substantial’ structural debt pressures

Bank of England Governor Andrew Bailey warned on Friday that governments across advanced economies face deep structural pressures on their finances, as a global bond market selloff pushes borrowing costs to levels not seen in decades.