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Guardian Business31.5.2026Business4 Min. LesezeitUnited Kingdom

Bank of England in No Rush to Raise Interest Rates Amid Iran War Uncertainty

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Bank of England Governor Andrew Bailey indicates no immediate interest rate hike due to uncertainty over the Iran war and weak UK growth, tolerating temporary above-target inflation but warns of action if second-round effects emerge.

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The Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK’s growth rate stays weak, its governor, Andrew Bailey, has said. ... (Full article text preserved with paragraph breaks)

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