Bank of England governor warns ceasefire would create uncertainty, not rate cuts
Bank of England governor Andrew Bailey has stated that a ceasefire in the US-Israeli conflict would not lead to immediate interest rate cuts. He emphasized that uncertainty surrounding the UK economy remains too high despite a potential 60-day pause in hostilities. The central bank is now facing a shift in market expectations, with some analysts predicting a rate hike instead of cuts.
- ▪Bailey warned that a ceasefire does not guarantee cheaper borrowing.
- ▪The Bank of England held its main policy rate at 3.75% amid economic uncertainty.
- ▪Market sentiment has shifted from expecting rate cuts to anticipating a potential rate hike.
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Bank of England governor warns ceasefire would create uncertainty, not rate cuts Andrew Bailey says a 60-day pause in the US-Israeli conflict with Iran wouldn't be enough to ease monetary policy, as markets now brace for a potential rate hike instead. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Andrew Bailey wants to make one thing very clear: a ceasefire is not a green light…
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