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Bank of England official says it mishandled first response to Iran shock
Original: Bank of England official says central bank mishandled its first response to Iran shock
A Bank of England official has said the central bank mishandled its first response to the shock from Iran-related developments, according to Reuters. The admission highlights internal criticism of how quickly and effectively the bank reacted to the disruption, and is likely to prompt questions about decision-making at Threadneedle Street during episodes of geopolitical and market stress.
Why now: A senior central bank official openly criticising the Bank of England's crisis response is unusual and politically sensitive.
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