Bank of England governor Andrew Bailey tells MPs that the Iran-related conflict has affected the timing of possible interest-rate cuts. Speaking to the Treasury Committee, Bailey says that, prior to the escalation, the Bank may have been able to cut rates twice during the year. He adds that a rate cut is taken off the table in the context of the war, implying that uncertainty and risks associated with the conflict have influenced the Bank’s assessment of the outlook for inflation and the economy. The reports agree that Bailey frames the decision in terms of policy options and conditionality rather than a final, permanent shift in stance. While the sources do not provide detailed figures for the cuts he had in mind or specify the exact conditions under which the Bank would reconsider, they concur that the Iran war is cited as the main reason those potential rate reductions did not proceed. The statements are presented as part of the Bank’s ongoing deliberations on monetary policy and reflect the central role of geopolitical developments in shaping expectations about inflation and financial conditions.