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BOE Governor Bailey Warns 60-Day Israel-Iran Ceasefire Won't Pave Way for Rate Cuts

GateNews
Forex
According to the Financial Times, Bank of England Governor Andrew Bailey warned on May 30 that a 60-day ceasefire between Israel and Iran, if reached, would still bring uncertainty and would not immediately clear the path for interest rate cuts. Bailey stated that an agreement nearing completion would not change his assessment of the conflict's risks to the British economy. "A 60-day ceasefire may help, but it doesn't resolve the problem," Bailey said, adding that such an accord "would still bring uncertainty about what happens after 60 days."
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