Bailey Defends BOE Gilt Sales After Criticism From Farage

Andrew Bailey, governor of the Bank of England (BOE), during a Bloomberg Television interview at the Reykjavik Economic Conference in Reykjavik, Iceland, on Friday, May 29, 2026. The Bank of England could tolerate inflation temporarily staying above its 2% target in order to support the UK's weak economy, Governor Andrew Bailey said - so long as second-round price effects do not emerge. Photographer: Betty Laura Zapata/Bloomberg