Bailey Says BOE May Need Another Rate Hike if Iran Conflict Persists
Bank of England Governor Andrew Bailey said another rate increase may be needed if the Iran conflict continues to fuel inflation risks through higher energy prices. The MPC voted 8-1 earlier Thursday to raise Bank Rate to 4.0% from 3.75%.
Bank of England Governor Andrew Bailey said on Thursday that another interest rate increase may be needed if the Iran conflict continues to fuel inflation risks through higher energy prices.The Monetary Policy Committee voted 8-1 earlier on Thursday to raise Bank Rate to 4.0% from 3.75%, its first…