BoK, RBNZ, SNB and Spain to ‘wait and see’ on Iran war
Governors say policy should consider longer-term price effects of Middle East conflict
The central bank governors of New Zealand, Spain, South Korea and Switzerland have emphasised that their institutions are taking a ‘wait and see’ approach to monetary policy, while highlighting the importance of monitoring any secondary effects of energy price shocks.
Speaking at a Peterson Institute for International Economics event in Washington on April 15, the governors advocated data-driven responses to the effects of the US-Israel war on Iran rather than pre-emptive action, while examining
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