Bailey Says BOE Needs to Limit Impact of Iran War
Share
Bank of England Governor Andrew Bailey discusses the central bank's decision to hike interest rates by a quarter point to 4% on Thursday. He tells reporters in London that the longer the conflict in the Middle East continues, the more inflationary pressure builds up in the pipeline. "We need to limit the impact of that," Bailey says.
More from Australia
Woodside Energy cuts 500 jobs to slash costs by US$570M
NSW panel recommends 26 stricter data centre rules
Top End Energy applies to surrender permit EP 153
Neuren Pharmaceuticals upgrades full year guidance
Vicinity Centres places earnings guidance under review
Resources & Energy expands Menzies Project by 69%