BOE’s Greene on Iran War Inflation, Rate Hike Expectations

Bank of England MPC member Megan Greene said the Iran war could add to UK inflation through supply shocks, keeping rate-hike expectations in focus. The comments highlight upside inflation risk and reinforce a cautious, hawkish policy backdrop. Central bank independence was also discussed, but no specific policy action or data point was announced.

Analysis

Bank of England MPC member Megan Greene said the Iran war could add to UK inflation through supply shocks, keeping rate-hike expectations in focus. The comments highlight upside inflation risk and reinforce a cautious, hawkish policy backdrop. Central bank independence was also discussed, but no specific policy action or data point was announced.