Central Bankers Face New Uncertainties as Middle East Conflict Threatens Oil Supplies and Global Growth
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Central bankers believe they have interest rates at the right level, but the Middle East conflict introduces new uncertainties.
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A big jump in oil prices to $150/barrel is one potential economic impact of escalation.
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Major central banks still expected to keep rates unchanged in upcoming meetings, sticking with 'high for longer' strategy.
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If oil disrupts $150 level, Europe more exposed than US due to lack of domestic production.
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Conflict's effects remain uncertain - impact on consumer/investor morale, future wage talks, travel sector. Overall implications still unclear.