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Impact of Middle East conflict uncertain, says Bank of England's Taylor

ReutersMar 2, 2026 1:43 PM

- Bank of England policymaker Alan Taylor said on Monday that it was too soon tell how conflict in the Middle East would impact Britain's economy, adding that the outlook was fluid.

"I think it's really too soon to tell," Taylor said at a conference hosted by Norway's central bank in Oslo.

"That's something we're going to have to keep an eye on as the situation evolves in real time … the outlook is very fluid."

Financial markets on Monday curbed their bets on rate cuts across central banks including the BoE as oil prices jumped over 8% following joint U.S.-Israeli strikes on Iran.

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