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Podcast: Beyond Currency
Episode: 19 October 2022 - Truss vows to carry on despite dwindling support
Description: Andrew Bailey, the Governor of the Bank of England, is not yet two years into his eight-year term in office. He was appointed a week before the first coronavirus lockdown started, which meant that from day one in the role he was faced with unprecedented market conditions.
As the markets were being battered by Covid, and the response to the Pandemic was being headed then Chancellor Rishi Sunak, Bailey initially flew under the radar. He didn’t build the same relationships with the market that his predecessor, Mark Carney had done.
As the Pandemic eased and inflation began to rise, Ba...