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BoE's Andrew Bailey warns of market stability risk from escalating Middle East conflict
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Speaking to The Guardian, governor of the Bank of England Andrew Bailey said the BoE is watching the escalating conflict in the Middle East «extremely closely» but admitted that while the bank will pull out the stops to keep the market stable things could get «really bad». Following the Israeli invasion of southern Lebanon and Iran's retaliatory missile attack this week, oil prices increased by 3% in response to concerns the conflict could obstruct crude oil flows from the Middle East. Market Movers Blog: Oil prices rise as Middle Eastern conflict intensifies «Geopolitical concerns...
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Read more on investmentweek.co.ukAbout this in other media
BOE warns of sharp correction as geopolitical worries mount livemint.com /1 day ago
Airlines avoid Middle East, ground flights as tensions escalate livemint.com /1 day ago
Iran launches missile attack on Israel as Middle East conflict escalates globalnews.ca /2 days ago
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