{"id":323737,"date":"2026-03-05T20:37:12","date_gmt":"2026-03-05T20:37:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/323737\/"},"modified":"2026-03-05T20:37:12","modified_gmt":"2026-03-05T20:37:12","slug":"how-will-central-banks-respond-to-the-iran-conflict","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/323737\/","title":{"rendered":"How will central banks respond to the Iran conflict?"},"content":{"rendered":"<p class=\"oe-margin-remove-top oe-text-medium uk-text-bold\">The old mantra that central banks are likely to look through the inflationary effects of energy price shocks no longer applies, at least not everywhere.<\/p>\n<p>What you will learn in this report:<\/p>\n<p>Using our Global Economic Model, our updated energy price assumptions suggest that inflation in Q4 this year for the UK and Eurozone will be roughly 0.5ppts-0.6ppts higher than previously expected \u2013 a greater impact than elsewhere.<\/p>\n<p>The Bank of England\u2019s Monetary Policy Committee is likely to remain on hold for now, keeping policy in restrictive territory.<\/p>\n<p>The European Central Bank is also likely to keep rates on hold in the near-term. But with rates already at a roughly neutral level, the ECB may opt to tighten this year if the surge in energy prices persists.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"778\" height=\"614\" class=\"gb-media-1dda5c40\" alt=\"\" title=\"The effects of higher energy prices on inflation are likely to be highly uneven\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/The-effects-of-higher-energy-prices-on-inflation-are-likely-to-be-highly-uneven.jpg\"  \/><\/p>\n","protected":false},"excerpt":{"rendered":"The old mantra that central banks are likely to look through the inflationary effects of energy price shocks&hellip;\n","protected":false},"author":2,"featured_media":323738,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,16754,4414,85,932,145699,46,47,10361],"class_list":{"0":"post-323737","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-central-bank","10":"tag-energy-prices","11":"tag-il","12":"tag-inflation","13":"tag-iran-conflict","14":"tag-israel","15":"tag-middle-east","16":"tag-monetary-policy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/323737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=323737"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/323737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/323738"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=323737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=323737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=323737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}