Market News
UK economy shows first hits from Iran war, putting policymakers to the test
Summary
- Surveys show early signs of strain from Iran war
- Inflation expectations and factory costs gauge soar
- OECD forecasts show scale of UK exposure to energy shock
- Government's options limited by weak public finances
- Bank of England must balance inflation and slowdown risks
LONDON, March 27 (Reuters) - Britain's government and the Bank of England say it is too soon to judge the economic hit from the Iran war, but the first strains are appearing and are likely to ring alarm bells for policymakers whose response options are more limited than in past crises.
