Global Economy
UK Treasury sees inflation at 3.2% in Q4 and oil at USD 150/bbl if US-Iran war escalates further
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The UK Treasury warns that a US-Iran war escalation could drive oil to $150/bbl and Q4 inflation to 3.2%, necessitating at least one Bank of England rate hike in 2026.
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Sees at least one BoE rate hike in 2026.
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