Iran war has caused 'major supply shock', says Bank of England governor
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Rachel ClunBusiness reporter The Iran war has caused a "major supply shock", according to Bank of England governor Andrew Bailey, who says that central bankers will have to closely monitor its economic impacts. Speaking at an event at the University of Colombia in the US, Bailey would not be drawn on what that means for interest rates set by the bank. Some analysts believe the bank could raise interest rates later this year, as UK inflation was 3% in the year to February and is expecte
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