Bank of England Governor Bailey said the Middle East situation will directly affect UK monetary policy. If the conflict remains unresolved and energy prices stay elevated, the likelihood of at least one more rate hike is high. If there is substantive

2026-11-06

Bank of England Governor Bailey said the Middle East situation will directly affect UK monetary policy. If the conflict remains unresolved and energy prices stay elevated, the likelihood of at least one more rate hike is high. If there is substantive progress in the Middle East, he would be more optimistic on energy prices and would reassess the need for further tightening.