- Russia’s invasion of Ukraine has shocked the global economy, in particular by fueling further spikes in energy and commodity prices.
- The new inflationary catalysts will have differing effects on monetary policy moves because regional economies are starting from different places, which will determine their ability to withstand higher commodity prices.
- Policymakers around the world will need to engage in a delicate balancing act while on a fast-moving train, given the fluidity of the situation.
For further details see:
Russia Invasion Energy Shock Prompts Monetary Policy Rethink