War Oil and Stagflation The Central Bank Stress Test

ING economists analyze the impact of the Iran war on global central bank policy, highlighting the conflict between rising inflation and economic strain.

Key Takeaways

• 1.Central banks face a difficult dilemma as inflation climbs and supply chains are disrupted by the Iran war, while economies show strain.
• 2.An ECB rate rise in June appears highly likely, though it may be a one-off event.
• 3.The Fed is turning more hawkish with a potential for rate hikes later this year.

Table of Contents

• Webinar: War, oil, and stagflation – The central bank stress test
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