BoE Greene warns of inflation risks and urges rate hike

Bank of England policymaker Megan Greene warned that inflation risks from the recent energy shock are greater than expected. She reiterated her call for higher borrowing costs to counter potential second-round wage and price pressures.

A shopper walks along an aisle inside a Tesco supermarket in Manchester, Britain, February 5, 2026 REUTERS/Phil Noble/File Photo

Bank of England policymaker Megan Greene warned on Tuesday that inflation risks stemming from the Iran conflict are higher than previously anticipated.

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