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ING says oil prices above $100 / barrel not sustainable. Hit to demand, political pressure
In brief from an ING note on oil and the implications of the high price for central banks. Surging oil prices have become the new concern for central banks, aggravating the current trilemma: how to balance slowing economies, still too-high inflation and the delayed impact of unprecedented rate hikes.the recent surge in oil prices will make things even more complicated as it will both worsen the economic slowdown but also push up inflation (or at least reduce the disinflationary trend) Our commod...
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Posted: Sep 26 2023, 21:17
Author Name: forexlive
Views: 112311