BOE’s Greene Says Hikes Are on the Cards as Iran War Drags On
Title: BOE’s Bailey Signals Potential Rate Increases Amidst Protracted Iran Conflict
Andrew Bailey, the Governor of the Bank of England (BOE), indicated that interest rate hikes remain a possibility as the conflict in Iran continues to unfold. Speaking during a Bloomberg Television interview at the Reykjavik Economic Conference in Iceland on Friday, May 29, 2026, Bailey clarified the central bank’s stance on inflation. He stated that the BOE is prepared to allow inflation to remain temporarily above its 2% target to bolster the UK’s struggling economy. However, this tolerance is conditional, provided that second-round price effects do not materialize. (Photographer: Betty Laura Zapata/Bloomberg)
Source: Bloomberg Generated at: 2026-06-02 15:48:08 UTC
