OECD Warns Iran War Forces Central Banks Into Rate Trap
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2 Articles
OECD Warns Iran War Forces Central Banks Into Rate Trap
Global · Macroeconomics Key Facts —The OECD warns that the Iran war is worsening the global economic picture. Secretary-General Mathias Cormann told the press the rising energy prices are complicating the outlook for central banks — which may be forced to hold or even raise rates despite weak growth. —G20 inflation projected at 4.0% in […] The post OECD Warns Iran War Forces Central Banks Into Rate Trap appeared first on The Rio Times.
The Secretary-General of the OECD, Mathias Cormann, warns that the risks to the world economy are worsening with the prolongation of the conflict in Iran. On the margins of a G7 meeting, in an interview with the Bloomberg agency, the head says that the conflict is pushing down growth and high inflation.Although the international organization has submitted an interim report in March — shortly after the start of the first American and Israeli atta…
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