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Bank of England Committee Member Green: Support interest rate hikes after the Iran conflict situation becomes clear
Golden Finance reports that on May 11th, Bank of England Monetary Policy Committee member Kristin expressed that it is worthwhile to wait and see how the Iran conflict develops before deciding whether to raise interest rates.
Meanwhile, she warned that the risks facing inflation are “completely tilted to the upside.”
She pointed out that the UK’s weak economic condition and loose labor market should help suppress the “second-round price effects” triggered by global energy shocks; however, she also added that even before this conflict erupted, the process of inflation retreat had already stalled. (Jin10)