Bank of England policymaker Megan Greene has cautioned that central banks should not default to treating economic disruptions from the Iran conflict as transitory. The warning signals a shift toward treating geopolitical supply shocks as persistent inflation risks rather than temporary noise. Separately, the BoE and FCA are advancing a consultation on tokenized securities and near-24/7 settlement infrastructure for UK wholesale markets.
If central banks stop treating war-driven inflation as temporary, rate cuts get pushed further out — bad news for bonds, growth stocks, and any asset priced on the assumption that cheap money is coming back soon. Energy and defense sectors could benefit as the conflict is priced in as a structural feature, not a blip. UK gilt yields may face upward pressure if the BoE signals a higher-for-longer stance.
Ongoing: BoE and FCA tokenization consultation period open for industry input. Watch for next BoE Monetary Policy Committee meeting and any follow-up speeches from Greene or Governor Bailey for signals on rate path revision. Monitor UK CPI releases for evidence of persistent inflation feeding through from energy prices.
Full analysis · Subscribers
The deep dive (bull case, bear case, and the data point that decides which side wins), the cause-and-effect chain behind the move, plain-English explainers for every block.
Aggregated reads dozens of sources in five languages and turns the day into plain-English cards like this one.
Educational analysis of public information, not investment advice. Report an error · Corrections policy
← Today's brief