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BoE's Bailey sees 'good deal' of space to accommodate inflation without need for rate rise

BY Reuters | ECONOMIC | 07:58 AM EDT

LONDON, April 30 (Reuters) - Bank of England Governor Andrew Bailey said on Thursday there was a good deal of space available to accommodate inflation pressures arising from the Iran war without the need to raise interest rates.

"I can't give you a cast iron assurance that, therefore, there will be no increase in any scenario or any of those scenarios," Bailey said. "What I can say to you is that there is a good, good deal of space available to accommodate that." (Reporting by William Schomberg, David Milliken and Suban Abdulla, writing by Sarah Young; editing by William James)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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