Bank of England's Greene Waits on Iran War Before Backing Hikes

Bank of England's Greene Waits on Iran War Before Backing Hikes. BoE rate-setter Megan Greene held off backing an immediate rate rise, signaling that any move would depend on evolving inflation dynamics and the geopolitical backdrop. Officials are trying to determine whether the inflation spike could trigger a more concerning feedback loop in prices, a scenario that could justify a future hike. Greene noted it is worth waiting to see how the Iran situation develops and what implications that may have for energy costs, growth, and pricing dynamics. The stance reflects a cautious approach amid global uncertainty, with potential tightening on the table if inflation remains unanchored.