Economic data

Bailey Says BOE Needs to Limit Impact of Iran War

Bloomberg Politics5 November 2026, 12:48 UTCUnited Kingdom

Bank of England Governor Andrew Bailey discusses the central bank's decision to hike interest rates by a quarter point to 4% on Thursday. He tells reporters in London that the longer the conflict in the Middle East continues, the more inflationary pressure builds up in the pipeline. "We need to limit the impact of that," Bailey says. (Source: Bloomberg)

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