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.
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