Bank of England Governor Andrew Bailey smiles during the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. (Photo by HENRY NICHOLLS / POOL / AFP) (Photo by HENRY NICHOLLS/POOL/AFP via Getty Images)

Iraq's Prime Minister Mohammed Shia al-Sudani (R) visits a ship during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

German Minister of Economics and Climate Protection Robert Habeck arrives to make a statement on November 7, 2024 at his ministry, one day after the German government's three-party ruling coalition collapsed. (Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)

Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. (Photo by HENRY NICHOLLS / POOL / AFP) (Photo by HENRY NICHOLLS/POOL/AFP via Getty Images)

Iraq's Prime Minister Mohammed Shia al-Sudani (C) visits a ship during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Iraq's Prime Minister Mohammed Shia al-Sudani (C) attends the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Iraq's Prime Minister Mohammed Shia al-Sudani gives a speech during the ceremony of the beginning of the handover of the Grand Faw Port's five berths from the implementing Korean company, in the southern Basra Province, on November 7, 2024, as the project approaches full completion. The Grand Faw Port will be one of the largest ports in the Middle East with the longest breakwater in the world at 14,523 meters long. It is linked to the Development Road Project, a memorandum of understanding for joint cooperation signed between Turkey, Iraq, Qatar and the United Arab Emirates. (Photo by AHMAD AL-RUBAYE / AFP) (Photo by AHMAD AL-RUBAYE/AFP via Getty Images)

Bank of England Governor Andrew Bailey (C) arrives with colleagues to hold the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. (Photo by HENRY NICHOLLS / POOL / AFP) (Photo by HENRY NICHOLLS/POOL/AFP via Getty Images)