BoE's Greene: Worth waiting before deciding on rate hikes

BoE's Greene suggests waiting to assess the US-Iran war's impact before deciding on interest rate hikes. She notes inflation risks are skewed upwards but believes a sluggish economy and loose labor market will limit second-round effects from energy shocks. Greene, previously hawkish, now prefers to keep rates steady to avoid potential policy errors. The next policy meeting is in June, with a 42% chance of a rate hike, influenced by upcoming UK data and US-Iran developments.