{"id":316125,"date":"2026-03-06T14:50:16","date_gmt":"2026-03-06T14:50:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/316125\/"},"modified":"2026-03-06T14:50:16","modified_gmt":"2026-03-06T14:50:16","slug":"imf-says-10-oil-rise-for-year-adds-40-basis-points-to-inflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/316125\/","title":{"rendered":"IMF Says 10% Oil Rise for Year Adds 40 Basis Points to Inflation"},"content":{"rendered":"

\"Photographer: Photographer: Aaron Schwartz\/Bloomberg <\/p>\n

(Bloomberg) — A 10% increase in energy prices that persists for a year would push global inflation up by 40 basis points and slow economic growth by 0.1-0.2%, International Monetary Fund Managing Director Kristalina Georgieva said.<\/p>\n

\u201cThe world economy has been remarkably resilient. Shock after shock, and yet growth is at 3.3%,\u201d Georgieva told Bloomberg Television\u2019s Haslinda Amin in an interview on the sidelines of the IMF\u2019s \u201cAsia in 2050\u201d conference in Bangkok. \u201cBut this resilience is being tested yet again.\u201d<\/p>\n

Most Read from Bloomberg<\/p>\n

\u00a0<\/p>\n

\"IMF IMF Managing Director, Kristalina Georgieva, says they\u2019re ready to assist countries facing balance of payment concerns amid heightened uncertainty from the Middle East conflict. She spoke exclusively on Bloomberg\u2019s Insight with Haslinda Amin on the sidelines of IMF\u2019s \u201cAsia in 2050\u201d Conference in Bangkok.Source: Bloomberg <\/p>\n

Georgieva warned that many countries are facing the latest Middle East crisis with \u201cdepleted buffers\u201d after previous shocks, though she noted that many Asian economies have built stronger fiscal capacity and reserves over the past two decades. The IMF is already in discussions with some members about potential balance of payment assistance should the uncertainty deepen.<\/p>\n

The fund currently has programs with 50 countries and stands ready to augment existing arrangements or create new ones if needed, Georgieva said on Friday. She expressed particular concern for oil-importing nations, Pacific Island economies that sit \u201cat the end of the supply chain,\u201d and low-income countries with high debt levels.<\/p>\n

\u201cOur advice to all our members: Act decisively to get your own house in best possible order in this world of higher uncertainty,\u201d Georgieva said, urging policymakers to carefully monitor price and currency developments while rebuilding fiscal buffers during good economic times.<\/p>\n

On Thursday, Georgieva warned of a \u201cworld of more frequent, more unexpected shocks,\u201d with the war in the Middle East being the latest example. She called for policymakers to prepare their economies for potential challenges, which go beyond politics to include disruptive technology and trade conflicts.<\/p>\n

The attack by the US and Israel has killed hundreds in Iran, which in turn has unleashed barrages of missiles and drones against its assailants, including US forces in the region. Shipping through the Strait of Hormuz has dwindled and oil prices have spiked, threatening to ignite inflation and choke off growth.<\/p>\n

–With assistance from Cecilia Yap and Linus Chua.<\/p>\n

Most Read from Bloomberg Businessweek<\/p>\n

\u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"Photographer: Aaron Schwartz\/Bloomberg (Bloomberg) — A 10% increase in energy prices that persists for a year would push…\n","protected":false},"author":2,"featured_media":316126,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[95881,902,5333,138,219,12701,171360,27464,79110,111,139,69],"class_list":["post-316125","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-balance-of-payment","tag-bloomberg","tag-bloomberg-television","tag-business","tag-economy","tag-energy-prices","tag-haslinda-amin","tag-international-monetary-fund","tag-kristalina-georgieva","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/316125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=316125"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/316125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/316126"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=316125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=316125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=316125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}