UK hikes rates with eye on Trump’s next Middle East move

🇬🇧 Politico Europe (GB) —

AI Summary

The UK has raised interest rates amid concern about the effects of the Middle East conflict, with further increases possible if the conflict persists. Andrew Bailey said the outlook for rates depends in part on developments in the region.

Thursday's increase is unlikely to be the last unless Middle East conflict resolved, said Andrew Bailey.

World Conflict Politics Markets Energy United Kingdom interest rates Andrew Bailey Middle East conflict monetary policy economic outlook

Read original source →