Oil
Indonesia holds rates and adjusts FX rules to stabilise rupiah
BI says Middle East conflict provides greater reason for fiscal-monetary policy co-ordination
Dancing between raindrops: tackling an Iran-related supply shock
Comms will be critical as central banks face yet another global shock, says Jagjit Chadha
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
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
How will Europe’s central banks react to the Middle East crisis?
ECB unlikely to veer from rate path as it had expected to undershoot during 2026
Middle East conflict creates new uncertainty for the Fed
Additional inflationary risks could jeopardise Trump’s hopes for rate cuts, experts say
BCB rate cuts could be curtailed if oil prices spike – minister
Brazil’s Treasury secretary says price of $100 a barrel could trigger inflationary pressures
RBA governor says conflict may require monetary policy response
Bullock says board considering potential supply shocks amid already high levels of inflation
Middle Eastern central banks respond to Iran crisis
Israel unveils relief package for firms and citizens, while Turkey suspends repo auctions
Asian central banks monitoring FX volatility amid oil shocks
Indonesia, Singapore and India look to manage inflationary pressures from war in Middle East
Monetary policy in Asia since the pandemic
Asean+3 nations must plan to tackle ‘disturbance’, ‘structural’ and ‘radical’ uncertainty using a disciplined policy mix to preserve price stability amid global shocks, writes Dong He
Dallas Fed researcher cautions against expansionary policy
Study of US in the 1970s says oil shocks were not primary driver of inflation
Venezuela: a crude awakening?
Capture of Maduro opens new chapter for troubled economy and its central bank
Serbia vows to ‘prevent unjustified pressure’ on FX market
Central bank says it will fight for stability as crisis prompts citizens to swap dinars for euros
Serbia says sanctions on Russia pose financial stability risks
Central bank sounds warning as government threatens to divest Russian stakes in domestic oil refiner
Poland cuts rates, while Albania and Sweden hold
Riksbank warns of US stock market bubble
Book notes: King dollar, by Paul Blustein
A well-researched overview of the position of the US currency, providing an optimistic view on the future of ‘king dollar’.
Oil shocks create ‘persistent’ labour downturns – IMF paper
Gains for oil-exporting countries are “comparatively modest”, say researchers
Tobias Adrian on the integrated policy framework amid tariff shocks
The IMF’s financial counsellor speaks about policy reaction functions to supply and demand shocks, scenario-based analyses, Treasury market dynamics and emerging market resilience