Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires
The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks.
The Bank of Japan kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war.
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The Iran war is pushing up "cost-push" inflation in Japan as opposed to the "demand-pull" inflation the BOJ seeks.
ECB holds rates, warning Middle East tensions and oil risks could push inflation higher. Baseline sees 2.6% in 2026, but energy shocks could lift it to 3.5% or 4.4%, depending on how long supply disruptions persist.
UK central bank has left rates on hold, and warned that CPI inflation will be higher in the near term as a result of the ‘new shock to the economy’ from Iran war Bank of England holds interest rates at 3.75% and…
The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts. Grouped from 3 articles across 3 sources.
Bond yields have surged as Europe's central banks grapple with new inflation fears.
RBI burns through more than $20bn of foreign exchange reserves this month trying to defend currency, say bankers