Bank of England has time to gauge impact of Iran war, Bailey says

LONDON, May 20 (Reuters) - ​A ⁠rise in ​interest rates in financial markets ​since ‌the start of the ⁠Iran war has ⁠given the Bank ​of England some time to work out its ​best ‌response to the economic impact of the conflict, BoE Governor ​Andrew Bailey said on Wednesday.

"That ‌tightening, I think also gives us ... ‌some time to assess," Bailey told lawmakers on parliament's ​Treasury Committee.

He was part of the ‌majority on the BoE's Monetary Policy Committee which voted ⁠8-1 ⁠to leave ‌the central bank's benchmark interest rate ​on ​hold in ‌April.