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Bailey: Global imbalances in a more fragmented world
Can I start by extending my welcome to all participants in the Bellagio Group, and congratulate the organisers on a timely and highly relevant choice of subject. My role today is some scene setting. I am going to cover three points. First, a reminder of the benefits of open economies and why they need to be supported by an international rules-based system which gives important roles to multilateral institutions. Second, I will set out some of the conditions that help to make this system work. And, finally I will highlight a number of the specific big challenges we face today and must take on. The benefits of trade ... (full story)
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BANK OF ENGLAND'S BAILEY: NOW IS NOT THE TIME TO CLOSE THE WORLD TO THE BENEFITS OF TRADE
— First Squawk (@FirstSquawk) January 16, 2026
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BoE's Bailey: Populism is making economic challenges harder
— FinancialJuice (@financialjuice) January 16, 2026
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