BIS chief says central banks must be ready to curb Iran war inflation
Updated
Updated · Nikkei Asia · May 10
BIS chief says central banks must be ready to curb Iran war inflation
9 articles · Updated · Nikkei Asia · May 10
In Tokyo, BIS general manager Pablo Hernandez de Cos warned the conflict's price effects could intensify if governments respond with excessive fiscal support.
He said monetary authorities worldwide should stay prepared to tighten policy or otherwise counter inflationary pressures stemming from the war.
The warning highlights concern that geopolitical conflict and looser government spending could complicate central banks' efforts to keep inflation under control.
With global inflation soaring, can central banks fight it without triggering a deep worldwide recession?
Beyond oil prices, is a massive global food crisis the war's most dangerous and overlooked consequence?
Is the Iran war's economic chaos the final push the world needs to abandon fossil fuels for good?