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1 revisions for "Threadneedle Street's Hormuz Problem: What the Bank of England's Energy Warning Really Tells Britain"

Bank of England Governor Andrew Bailey's BBC interview framed the Iran war as a "very big energy shock" while signalling no rush to raise rates ahead of the 30 April MPC meeting. With Brent crude up some 60% year-on-year, the July Ofgem price cap on track to rise by more than 10%, and 6.6 million UK households already in fuel poverty, the distributional costs of the shock will land mainly on low-income households even as the Bank's actual policy toolkit against a supply-side shock remains limited.