More Bank of England Officials Set to Back Hikes as Iran War Frays Unity (opens original article in a new tab)

The Bank of England's rate-setting panel has shown rare unity amid the Iran war, but divisions are expected to resurface as officials weigh slowing growth against inflation risks.

• The Bank of England's rate-setting panel has shown unusual unity due to the Iran war, but economists expect this to change.
• Policymakers face a dilemma balancing slowing growth against the threat of an oil shock causing inflation.
• Some officials may push for rate hikes, while others argue for caution due to a weakening labor market.