[Bank of England Governor Bailey Warns That the Longer the Energy Shock Lasts, the Harder It Is to Contain Inflation Pressure] Bank of England Governor Bailey stated that the energy cost shock triggered by the U.S.-Iran conflict currently has a relatively limited impact on overall inflation in the UK. However, over time, it is becoming increasingly difficult to avoid broader inflationary effects. 'We need to focus on how this inflation shock transmits to indirect effects and second-round effects,' Bailey said. 'At present, this transmission is relatively moderate in the UK, which is certainly encouraging to me. But the longer it lasts, the harder it will be to manage.' (Cailian Press)