BoE's Bailey says risk to growth from trade disruption must be taken seriously

ReutersApr 23, 2025 5:28 PM

WASHINGTON, April 23 (Reuters) - The Bank of England must take the risk to economic growth from global trade disruption very seriously, Governor Andrew Bailey said on Wednesday.

"We do have to take very seriously the risk to growth," Bailey said at an event at the Institute of International Finance in Washington, when asked how much the BoE had to consider the effects of U.S. President Donald Trump's tariff and trade policy.

"Because the UK is such an open economy, so when we do our modeling ... we also have to take into consideration the effect on growth in the rest of the world."

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