Inflation Woes Spark Rate Hike Wave
Central banks in emerging markets are increasing interest rates in response to rising inflation driven by the Iran war. The conflict has disrupted shipping through the Strait of Hormuz, impacting global trade and supply chains. This situation has led to significant inflationary pressures, particularly affecting food and agricultural supplies.
- ▪Central banks in emerging and frontier markets are raising their benchmark interest rates.
- ▪The Iran war has blocked shipping traffic through the Strait of Hormuz.
- ▪Disruptions in trade have affected the supply of goods, including oil and fertilizers.
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