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Bank of England Holds Rates Amid Iran Conflict Uncertainty

4/17/2026

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Summary

Story summary

Bank of England Governor Andrew Bailey says it will not rush to raise rates amid the Iran conflict.
He cites uncertainties about the conflict’s impact on inflation and growth.
Bailey says the Bank awaits meaningful data before deciding.
Bank of England policymaker Megan Greene warns inflation could become entrenched and urges action before data.
The next rate decision is scheduled for April 30.

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Story summary

Bank of England Governor Andrew Bailey says it will not rush to raise rates amid the Iran conflict.
He cites uncertainties about the conflict’s impact on inflation and growth.
Bailey says the Bank awaits meaningful data before deciding.
Bank of England policymaker Megan Greene warns inflation could become entrenched and urges action before data.
The next rate decision is scheduled for April 30.