US EditionA Week of Inaction that Mattered
3 Articles
3 Articles
Amid growing concerns that prices in various countries could skyrocket again if energy supply disruptions caused by armed conflict in the Middle East are prolonged, the European Central Bank (ECB), the Bank of England (BOE), and the Bank of Japan (BOJ) all froze their benchmark interest rates on the 19th (local time). Including the U.S. Federal Reserve (FRB) the previous day, central bank policymakers around the world have all opted for a freeze…
A week of inaction that mattered
By Richard Flax, Chief Investment Officer at Moneyfarm This week central banks didn’t do anything, and yet we all paid close attention. The US Federal Reserve, the Bank of England and the European Central Bank all left their policy rates this week – in line with market expectations. But beneath the headlines, the impact of the current conflict in the Middle East was clear in several ways. We can see it in terms of voting – in the US, the cent…
The conflict in the Middle East triggers oil prices and changes the course of global monetary policy. Read more
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