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BOE Sees Case for Another Rate Hike If Iran War Doesn't End

Bloomberg Markets Thursday 05 November 2026, 13:28 UTC 1 min read
Key Points

Nov 5th, 2026 BOE Sees Case for Another Rate Hike If Iran War Doesn't End "I'm not going to sign up to the two-and-done point," Bank of England Governor Andrew Bailey says when asked if a second interest-rate increase is on the cards following Thursday's decision to hike. "Absent a resolution of the conflict in the Middle East, and I think I put this in my commentary in the minutes, I could see the case for a further 25 [basis points]," Bailey says at a news conference in London.

Nov 5th, 2026 BOE Sees Case for Another Rate Hike If Iran War Doesn't End "I'm not going to sign up to the two-and-done point," Bank of England Governor Andrew Bailey says when asked if a second interest-rate increase is on the cards following Thursday's decision to hike. "Absent a resolution of the conflict in the Middle East, and I think I put this in my commentary in the minutes, I could see the case for a further 25 [basis points]," Bailey says at a news conference in London.
BOE Sees Case (PERSON) Iran War Doesn't End Nov 5th (EVENT) Iran War (EVENT) Bank of England (ORG) Andrew Bailey (PERSON) the Middle East (LOCATION) Bailey (PERSON) London (LOCATION)
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