Less Ads, More Data, More Tools Register for FREE

Bank of England's Greene sees growing case for rate rise

Tue, 02nd Jun 2026 16:13

LONDON, June 2 (Reuters) - Bank ​of ⁠England policymaker Megan Greene said ​on Tuesday that she saw an increased case ​for raising ‌interest rates as the Iran war ⁠dragged on, boosting the chance of ⁠wide-ranging rises in ​prices across the economy.

"I think the case for hiking rates grows as the conflict wears ​on ‌and believe a tightening in monetary policy over the next few weeks or months may be necessary," she said in ​a text of a speech released by ‌the BoE.

Greene is due to deliver the speech to the University ‌of Derby business school later on Tuesday.

Greene was part of the 8-1 majority on the ​BoE's Monetary Policy Committee who voted to keep interest ‌rates unchanged at 3.75% in April.

However, in minutes of the decision she said "an increase in Bank ⁠Rate ⁠may be necessary in ‌upcoming meetings" as she saw a risk that the energy ​price ​shock from the Iran war ‌would lead to a wave of broader price rises across the economy. (Reporting by David Milliken; editing by William James)

Economic News Finance and Instruments Banking

Related News

BoE's Greene says case for rate rise grows the longer Iran conflict lasts
45 mins ago

BoE's Greene says case for rate rise grows the longer Iran conflict lasts

LONDON, June ​2 (Reuters) - ⁠Bank of England policymaker Megan Greene said ​on Tuesday that she saw a growing case for raising interest rates as the I...

Bank of England's Bailey says public must be given confidence in 2% inflation target
47 mins ago

Bank of England's Bailey says public must be given confidence in 2% inflation target

LONDON, June 2 (Reuters) - Bank of ​England Governor Andrew Bailey said on Tuesday it was important to get UK inflation back to target and give househ...

Bank of England's Bailey says public must be given confidence in 2% inflation target
1 hour ago

Bank of England's Bailey says public must be given confidence in 2% inflation target

LONDON, June 2 (Reuters) - Bank ​of ⁠England Governor Andrew Bailey said ​on Tuesday that it was important to get inflation ​back ‌to target and give ...