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(Bloomberg) — For several global central banks, the question of whether the Iran war poses more of an immediate danger to inflation or to growth is likely to remain open in the coming week.
Officials responsible for monetary policy in seven of the world’s most-traded currency jurisdictions are mostly anticipated to keep settings steady again.
A well-flagged rate hike from the Bank of Japan to continue its exit from low borrowing costs and a close call in Norway are likely exceptions, but the US Federal Reserve and its peers from the UK to Sweden are widely expected to make no changes.
The urge to wait longer to gauge the impact of a conflict whose duration just surpassed 100 days may be reinforced by US President Donald Trump’s efforts to secure a peace deal with Iran. That process will play out against the backdrop of his expected attendance at a summit of the Group of Seven in France on Monday.
