LONDON: The oil price spike brought on by the war in Iran has, for now, short-circuited a push for monetary easing among emerging market central banks from Poland to Turkey, as policymakers reckon with a sharp uptick in inflation expectations and rising risk aversion.
Following a raft of shocks — from the Covid pandemic to Russia’s invasion of Ukraine — that roiled markets, hit growth and fuelled inflation, central banks had finally been growing so
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