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Bank of England's Bailey: I don't see makings of a repeat of 2007-08 financial crisis

Published 12/04/2023, 20:41
© Reuters. FILE PHOTO: Governor of the Bank of England Andrew Bailey holds a news conference after the bank issued its latest Financial Stability Report at Bank of England in London, Britain December 13, 2022 Leon Neal/Pool via REUTERS
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(Reuters) - Bank of England Governor Andrew Bailey said he did not see signs of a repeat of the 2007/8 global financial crisis, speaking at the International Monetary Fund Spring Meetings in Washington.

© Reuters. Andrew Bailey, Governor of the Bank of England, speaks during an event titled “Governor Talks - United Kingdom: Price Stability and Financial Stability in an Uncertain World” during the 2023 Spring Meetings in Washington, U.S., April 12, 2023. REUTERS/Elizabeth Frantz

"I do not see the evidence that we've got on our hands what I would call ... the makings of a 2007/8 financial crisis. I really don't see that," Bailey said when asked about recent instability in the banking sector.

"The system is in a much more robust condition," he added.

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