[Bank of England Governor Bailey: U.S.-Iran Ceasefire Will Still Bring Uncertainty] According to a report by Jinse Finance on May 30, citing the Financial Times, Bank of England Governor Andrew Bailey warned that even if a 60-day ceasefire is achieved in the conflict between the U.S., Israel, and Iran, it will still bring uncertainty and will not immediately pave the way for interest rate cuts. Bailey stated that a nearly finalized agreement does not change his fundamental assessment of the risks this conflict poses to the UK economy. U.S. officials had previously indicated that the agreement was close to being reached. Bailey said, "A 60-day ceasefire might help, but it does not completely resolve the issue." He also noted that such an agreement "will still bring uncertainty, leaving questions about what will happen after 60 days." Bailey further mentioned that he has not entirely ruled out a hypothetical scenario where energy prices rapidly decline without impacting core inflation. However, for such a scenario to prompt the central bank to cut interest rates, "you would need stronger confidence" that this shock would not persist for too long.