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BoE's Greene says worth waiting "a little while" for Iran war developments

Mon, 11th May 2026 09:20

May 11 (Reuters) - Bank ​of ⁠England interest rate-setter Megan ​Greene said it was worth ​waiting "a ‌little while" to see how ⁠the Iran war unfolds ⁠before deciding ​whether to raise interest rates, in an interview published on Monday.

"It's ​worth ‌waiting for a little while to see what happens with the progression ​of this war and ‌therefore see what we can infer about how ‌it will propagate through the economy before we make a move," ​Greene told a Bloomberg podcast.

"We've now ‌had a negative supply shock, an energy shock, and that ⁠stands ⁠to push inflation ‌up and growth down, which is ​a terrible ​situation for ‌a central banker to be in."

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