Bank of England's Greene says central banks can't assume Iran war impact will be temporary

May 18 (Reuters) - Bank ​of ⁠England interest rate-setter Megan ​Greene said on Monday that ​central ‌banks should not assume that the ⁠inflationary impact of ⁠the Iran war ​will be temporary.

"This is our third negative supply shock ​in ‌five years. We do have to worry about wage and price setting," Greene ​said at a Financial Times event.

"Traditionally ‌you look through negative supply shocks, but I ‌think when you have successive ones, actually that's outdated folklore and ​we shouldn't be looking through them ‌anymore."

Greene voted with the majority of her colleagues on ⁠the BoE's ⁠Monetary Policy Committee ‌to keep rates on hold in ​April but ​said an increase ‌might be needed in upcoming meetings. (Writing by William Schomberg; editing by William James)