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BoE's Bailey says above‑target inflation tolerable for now amid Middle East uncertainty

By Iain Gilbert

Date: Friday 29 May 2026

(Sharecast News) - Bank of England governor Andrew Bailey said on Friday that allowing inflation to sit above the central bank's 2% target was justified for now, given the uncertainty created by the Iran war and the UK's weak growth backdrop.
However, he warned that this tolerance would fade if signs...

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