{"id":421855,"date":"2026-05-11T06:45:16","date_gmt":"2026-05-11T06:45:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/421855\/"},"modified":"2026-05-11T06:45:16","modified_gmt":"2026-05-11T06:45:16","slug":"fiscal-policy-response-to-iran-war-risks-worsening-inflation-bis-chief","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/421855\/","title":{"rendered":"Fiscal policy response to Iran war risks worsening inflation: BIS chief"},"content":{"rendered":"<p><a class=\"ArticleTag_articleTag__P1Zo7\" href=\"https:\/\/asia.nikkei.com\/editor-s-picks\/interview\" data-trackable=\"primary-tag\" data-dark-mode=\"false\" rel=\"nofollow noopener\" target=\"_blank\">Interview<\/a><\/p>\n<p class=\"NewsArticleHeader_newsArticleHeaderSubtitle__ZlvPp\" data-trackable=\"subhead\" data-dark-mode=\"false\">Central banks must be &#8216;ready to act if needed,&#8217; Pablo Hernandez de Cos says<\/p>\n<p><img decoding=\"async\" class=\"image-main img-fluid ImageNew_imageNewImageResponsive__f1VTu\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/https:\/\/cms-image-bucket-productionv3-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com\/images\/5\/2.jpeg\" alt=\"20260508N Pablo\" width=\"780\" height=\"auto\" loading=\"eager\"\/><\/p>\n<p class=\"NewsArticleCaption_newsArticleCaption__fxo8v\" data-trackable=\"caption\" data-dark-mode=\"false\" style=\"display:block\">BIS General Manager Pablo Hernandez de Cos says the Middle East conflict is expected to &#8220;drive inflation upwards and growth downwards.&#8221; (Photo by Akikazu Ishii)<\/p>\n<p>SETSUO OTSUKA and TAKERO MINAMI<\/p>\n<p data-dark-mode=\"false\" class=\"Paragraph_paragraph__2p1wC\">TOKYO &#8212; Central banks worldwide must be &#8220;ready to act&#8221; against inflationary effects of the Iran war, which risk being aggravated by an excessive fiscal policy response, said Pablo Hernandez de Cos, general manager of the Bank for International Settlements.<\/p>\n","protected":false},"excerpt":{"rendered":"Interview Central banks must be &#8216;ready to act if needed,&#8217; Pablo Hernandez de Cos says BIS General Manager&hellip;\n","protected":false},"author":2,"featured_media":421856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[141734,138,3937,219,37078,1943,16609,111,139,69,7254,5034,1519,6149,59039],"class_list":["post-421855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bis","tag-business","tag-chief","tag-economy","tag-fiscal","tag-inflation","tag-iran","tag-new-zealand","tag-newzealand","tag-nz","tag-policy","tag-response","tag-risks","tag-war","tag-worsening"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/421855","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=421855"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/421855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/421856"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=421855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=421855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=421855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}