Bank of England boss Andrew Bailey says we’re not going to wake up.

We’re not going to wake up after the slave art is removed, says Bank of England boss Andrew Bailey

Bank of England Governor Andrew Bailey denied the agency “awakened” after deciding to remove the artwork related to the slave trade.

At an event at the University of Cambridge last night, Bailey revealed that many of the items blown away earlier this year will reappear in the public banking museum.

He argues that this is “an opportunity for us to play our role and explain the history of the slave trade” and “problematic items” in the public part of the bank where we can explain it. It’s better to display it. ” ..

The Bank of England boss Andrew Bailey (pictured) told Cambridge students that the deleted items would reappear in the bank’s museum.

Bailey said:’Whatever the word really means, it’s not because we woke up.It’s: let’s put in [the items] Please explain there. We’ve talked a lot about this with the bankers, so let’s sit in the conference room and look at these images so they don’t feel difficult. “

This summer, the bank, dating back to 1694, has been on Threadneedle Street in London since 1734 and has stopped displaying oil paintings and busts of seven former presidents and directors.

After conducting the review, the banks themselves were not directly involved in raising slavery, but the agency discovered that they were involved in the Atlantic slave trade.

Bailey said: “If you are a member of the Bank of England’s ethnic background staff, do you need to sit in the room looking at a picture of the person who owns the slave?”

That’s because the World Bank is trying to increase its own diversity and has established a network for women, ethnic minority people, disabled staff and LGBT workers.

At the Cambridge Union event, chaired by economist Mohamed Ellerian, Bailey avoided giving further guidance on when the World Bank would choose to raise rates.

The policymakers will meet within three weeks and are widely expected to raise interest rates from a low of 0.1% to 0.25% to curb rising inflation.

The World Bank has been reluctant to raise rates so far and is concerned that premature moves could hinder the UK’s economic recovery from the Covid-19 pandemic.

However, Confederation of British Industry figures revealed that the shop was booming in November due to the surge in sales.

Combined with strong employment and manufacturing data from the last few weeks, this figure shows that the UK economy is stable.

However, as prices are skyrocketing due to supply chain stagnation and rising energy prices, this can give banks the confidence they need to start raising interest rates.


Bank of England boss Andrew Bailey says we’re not going to wake up.

Source link Bank of England boss Andrew Bailey says we’re not going to wake up.

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