Faisal Islam: The wide field of uncertainties facing the UK
The Bank tries to manage expectations over what outcomes are plausible if the Middle East conflict lasts several months.
Opening excerpt (first ~120 words) tap to expand
Faisal Islam: The wide field of uncertainties facing the UK32 minutes agoShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorMike Kemp/In Pictures via Getty ImagesNo interest rate rise is going to force an oil tanker through the Strait of Hormuz, or clear the "hazardous area" of mines. The Bank of England repeatedly made the point in its latest meeting's minutes and new numbers that the bigger picture is out of anyone's control - at least here in Britain.There was an important message, however, in the deliberations and forecasts around the decision to hold rates.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.
Discussion
0 commentsMore from BBC News — Business
