The European Central Bank warned US President Donald Trump\u2019s policies could lead to a financial crisis, as inflation risks grow more urgent.<\/p>\n
The bank on Wednesday cited the war with Iran, coupled with Trump\u2019s shifting trade positions that have \u201cbecome a structural feature<\/a> of the global environment.\u201d<\/p>\n Europe is bracing for higher prices stemming from the energy shock of the war, and an interest rate hike is \u201cstarting to look close to a done deal<\/a>,\u201d ING analysts wrote.<\/p>\n The oil price spike has \u201cupended the outlook<\/a> for inflation and interest rates\u201d globally, Reuters wrote.<\/p>\n Indonesia last week raised rates<\/a> for the first time in two years, British policymakers have warned they could take a similar step<\/a>, and US Federal Reserve officials are discussing the possibility of rate hikes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The European Central Bank warned US President Donald Trump\u2019s policies could lead to a financial crisis, as inflation…\n","protected":false},"author":2,"featured_media":448983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-448982","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/448982","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=448982"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/448982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/448983"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=448982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=448982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=448982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}