Bank of England has time to gauge impact of Iran war, Bailey says

​A rise ​in interest ‌rates in financial ​markets since the start of ‌the Iran war has given the Bank of England some time ‌to work out its best ‌response to the economic impact of the conflict, BoE Governor Andrew ⁠Bailey ​said on ⁠Wednesday. "That tightening, I think also gives ⁠us ... some time to assess," Bailey ​told lawmakers on parliament's Treasury Committee.

He ⁠was part of the majority on ⁠the ​BoE's Monetary Policy Committee which voted 8-1 to leave ⁠the central bank's benchmark interest rate ⁠on ⁠hold in April.