Middle East conflict
Russia eases amid Middle East conflict uncertainty
Central bank says it is too soon to estimate war’s likely impact on domestic economy
Czech Republic, Moldova, Sweden and Ukraine all hold
Riksbank also lowers rate for supplementary liquidity facility as liquidity starts to dry up
Central banks in China, Hong Kong and Taiwan hold rates
Taiwan tilts hawkish, Hong Kong follows Fed and China expected to ease by 10bp this year
ECB holds rates, predicts 2.6% inflation for 2026
Lagarde presents gloomy outlook for eurozone inflation and growth as energy prices spike
Bank of England holds rates and hints at hikes
MPC member says UK economy ‘damaged’ by energy shock as war triggers first unanimous vote since 2021
Brazil starts easing with cautious rate cut amid oil shock
BCB says Middle East conflict has intensified domestic inflation risks
SNB holds rates, vows to fight franc appreciation
Bank says short-term inflation pressures are high but will remain ‘virtually unchanged’ in medium term
BoJ holds as Middle East conflict threatens higher inflation
Ueda says Japanese firms could pass on costs ‘more aggressively’ than after start of Ukraine war
Fed holds amid uncertainty over oil shock and tariffs
Powell pledges to stay on as interim chair if Warsh’s nomination is not confirmed in Senate
Canada holds rates amid potential energy shock and jobs downturn
Governor Macklem says sustained higher prices would warrant monetary response
UAE launches support programme for country’s banks
Central bank releases capital buffers and provides capital rule relief to help lenders during conflict
Indonesia holds rates and adjusts FX rules to stabilise rupiah
BI says Middle East conflict provides greater reason for fiscal-monetary policy co-ordination
BIS urges central banks to look through energy price surge
Oil and gas prices up 40% and 60% respectively since Middle East conflict began
Peru’s central bank holds rates as inflation picks up
BCRP says bad weather, domestic gas shock and fallout from Middle East conflict will push up prices
No signs yet of war triggering financial distress, analysts say
Markets have been orderly so far, but picture could change if Strait of Hormuz remains shut
RBI buys bonds as Iran war threatens economic outlook
Economists expect central bank to stay on hold, despite risk of higher inflation and lower growth
Pakistan holds rates, citing uncertainty from Iran war
Central bank expects inflation to remain above its 5–7% target
Dancing between raindrops: tackling an Iran-related supply shock
Comms will be critical as central banks face yet another global shock, says Jagjit Chadha
PBoC plans more market-based monetary policy formulation
Analysts expect Middle East conflict to have little impact on policy in China
Iran conflict could drive global inflation higher – IMF chief
Georgieva urges policy-makers to think ‘the unthinkable and prepare for it’
ECB has ‘no reason’ to hike as ‘2026 is not 2022’ – BdF head
Villeroy de Galhau first eurozone governor to speak about war’s potential impact on inflation
Malaysia holds policy with an eye on conflict uncertainty
BNM also notes upside potential of tech, lower tariffs and pro-growth measures globally
Asian central banks prepare for conflict-induced energy shock
IMF’s Georgieva says Iran war creates energy and confidence risks for most of region
BoJ’s path to normalisation less certain with Iran conflict
Ueda suggests rate hikes will continue, but analysts point to a range of possible scenarios