BoE's Bailey flags lower growth, supply shocks as long-term challenges

Bank of England Governor Andrew Bailey warned that the global economy faces major uncertainties from Middle East conflicts, sovereign debt vulnerabilities, and asset valuation risks, which could pose new long-term challenges of lower growth and supply shocks. The remarks signal a cautious central-bank outlook, though no policy action was announced. The warning underscores elevated macro risks but lacks specific data or a clear directional trigger.