BoE Bailey: No Rush on Rate Hikes Amid Iran War

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Published: 31 minutes ago

Bank of England Governor Andrew Bailey signaled rates will stay at 3.75% through summer, citing Iran war uncertainty and weak UK growth. The BoE will tolerate inflation above 2% target temporarily given economic softness. GBP likely to weaken as dovish stance contrasts with potential hawkish moves from other central banks. Rate pause reduces yield differential support for sterling against major currencies.

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