BoE’s Greene warns of lasting inflation from Iran war
MPC member says energy prices could stay higher even after conflict ends
A member of the Bank of England’s rate-setting committee has warned of the potentially lasting implications for inflation from the Iran war, even if the conflict de-escalates soon.
In a Q&A at a event in London organised by investment bank Jefferies on March 25, Megan Greene said that even if the Strait of Hormuz reopened, “we now all know that Iran can close it when it wants to, or the idea is on the table. I wonder if there won’t be a premium baked into energy prices on that basis.”
Brent
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