Bank of England’s Bailey: I don’t see makings of a repeat of 2007-08 financial crisis
8:28 pm Wednesday, April 12th, 2023
(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.
“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.
(Reporting by David Milliken, writing by William James)
