In her new book, the former Prime Minister Liz Truss cheekily calls the Bank of England’s Governor, Andrew Bailey, “Rock-a-bye Bailey” for his slow performance in putting up interest rates as inflation soared.

Others are even less charitable. He’s been dubbed Lullaby Bailey, the “plank of England” and the “banker who’s running out of credit”, not only for his slowness in hiking rates but more recently for his tardiness in bringing them down.