Bailey says second rate rise more likely than not if Iran war continues
Bank of England Governor Andrew Bailey told Bloomberg TV a second interest rate increase was “more likely than not” if the Iran war continues, according to a post by Alex Wickham. Bailey said a second rise was probably more likely than not if energy prices returned to levels before this week’s sharp oil-price drop. He also warned that a jump in inflation was “quite baked in at this point,” even with rapid de-escalation.