BoE's Andrew Bailey: World economy 'remarkably resilient' amid uncertainty

Speaking at the AlUla Conference for Emerging Market Economies 2026 in Saudi Arabia on Sunday (8 February), Bailey noted that "market conditions could have been much worse given the backdrop". Markets have become "cautious" when reacting because not all policy shifts came to completion and traditional safe havens have been close to the risks themselves, the governor explained. One such policy shift was the US' proposed takeover of Greenland, a risk which Bailey previously said the BoE was "very alert" to and a stance US President Donald Trump has since retreated from. He added that...