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    Home > Headlines > BoE's Bailey calls again for joint action to address trade strains
    Headlines

    BoE's Bailey calls again for joint action to address trade strains

    Published by Global Banking & Finance Review®

    Posted on March 24, 2025

    1 min read

    Last updated: January 24, 2026

    BoE's Bailey calls again for joint action to address trade strains - Headlines news and analysis from Global Banking & Finance Review
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    Quick Summary

    BoE Governor Andrew Bailey urges global cooperation to tackle trade strains caused by U.S. policies, advocating for multilateral solutions.

    BoE's Bailey Urges Joint Action on Global Trade Strains

    LEICESTER, England (Reuters) - Bank of England Governor Andrew Bailey reiterated on Monday his call for cooperation among the world's economies to resolve strains in the global trading system, which is facing upheaval from the policies of U.S. President Donald Trump.

    "These two points - domestic macroeconomic forces and trade policy - are not incompatible," Bailey said in the text of a speech to be delivered at the University of Leicester.

    "They sit together. My final point here is that to solve these issues we need authorities to come together and strengthen the rules of engagement in a multilateral setting," he said.

    (Reporting by David Milliken; Writing by William Schomberg)

    Key Takeaways

    • •Andrew Bailey calls for global economic cooperation.
    • •Trade strains linked to U.S. policies under Trump.
    • •Bailey emphasizes multilateral engagement.
    • •Speech delivered at the University of Leicester.
    • •Need for strengthened global trade rules.

    Frequently Asked Questions about BoE's Bailey calls again for joint action to address trade strains

    1What is the main topic?

    The main topic is the call for global cooperation to resolve trade strains in the global trading system.

    2Who is Andrew Bailey?

    Andrew Bailey is the Governor of the Bank of England, advocating for multilateral cooperation on trade issues.

    3Why is global cooperation important?

    Global cooperation is crucial to address trade strains and strengthen international trade rules.

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