BoE Governor Greene Warns Rate Hike Case Strengthens as Iran Conflict Prolongs
Published by WarSignal Editorial · Last updated
Bank of England Governor Andrew Greene said the case for a rate rise is growing the longer the conflict with Iran lasts, in a statement released from the Bank of England.
Greene noted that the extended duration of the Iran conflict would increase pressure on the Bank to consider tightening monetary policy. He added that the longer the conflict continues, the more likely it is that the Bank will need to act.
The comment comes amid ongoing tensions in the Middle East, with the Bank of England monitoring the economic implications of the conflict.
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