1240 GMT - Bank of England policymakers should be careful not to overcorrect for past mistakes by raising rates too fast, ICAEW's Suren Thiru says in a note. The BOE held rates in a unanimous vote in the aftermath of soaring energy prices prompted by the Middle East conflict. Though the BOE will want to avoid a repeat of 2022 when it raised rates too late, this time policy is more restrictive and inflation is lower, leaving rate-setters favorably positioned to cope with this crisis, he says. "While another interest-rate cut remains possible if the Iran war ends quickly, with skyrocketing oil-and-gas prices locking in an imminent inflation spike, the chances of further policy loosening this year is rapidly receding," Thiru says. (edward.frankl@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 08:40 ET (12:40 GMT)
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