RE: Reality of the Challenger Banks6 Feb 2022 23:11
Theo,
"Bailey, 62, came under fire for dithering over rate rises in November. He wrong-footed the market by failing to raise borrowing costs after creating a strong expectation that rates were about to rise by declaring that the Bank would 'have to act'.
He denied that he was an 'unreliable boyfriend' – an accusation previous levelled at his predecessor Mark Carney. However, Bailey took markets by surprise a second time by presiding over a rate increase in December when markets were expecting no action.
A second prominent economist also lined up this weekend against the governor.
Andrew Sentance, a former member of the Bank's rate-setting Monetary Policy Committee, said: 'Bailey is not very clear with his communications. This is not the first time we've seen him put his foot in his mouth.
'Compare him to former governor Mervyn King, who was very good at measuring his words. Bailey just seems to clatter around.' "
They're going to screw UK Economy again . Where do they get these overpaid clowns from ?