BOE's Bailey Says Appropriate to Hold Rates Amid Iran Uncertainty

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BOE's Bailey Says Appropriate to Hold Rates Amid Iran Uncertainty
Bloomberg
Written by Bloomberg
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Bank of England Governor Andrew Bailey says it was appropriate to keep interest rate on hold at 3.75% on Thursday due to the situation in the Middle East. There has been a "huge increase in uncertainty," Bailey said in a pooled interview clip. "None of us know how this is going to play out."

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