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Former BoE deputy governor Bean: Emergency bank meeting may have made sense

Factbox-What are index-linked bonds and why is the Bank of England is buying them?
Factbox-What are index-linked bonds and why is the Bank of England is buying them? Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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LONDON - Former Bank of England Deputy Governor Charlie Bean said he would likely have advised the central bank to call an emergency meeting following market turmoil this week, and that the lesson of emergency interventions was "you go big, and you go fast".

"On this occasion if I had still been at the bank in my role as deputy governor I certainly would have been counselling the governor that I think this is one of those occasions where it might have made sense (to call a meeting)," he told BBC radio.

"The key thing is, if you call it, you have to take significant action."

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