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Costly Oil Irks Global Central Banks Gauging Uneasy New Normal

(Bloomberg) Just as global monetary policy switches toward high-altitude cruise control, another bout of turbulence is bearing down on the world economy with surging oil prices.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsTrudeau’s Murder Claim Risks Upending US Courtship of IndiaThe approach of crude toward $100 a barrel is

Oil nearing $100 a barrel red flag for central banks inflation fight • BusinessMirror

Just as global monetary policy switches toward high-altitude cruise control, another bout of turbulence is bearing down on the world economy with surging oil prices. The approach of crude toward $100 a barrel is presenting central bankers with a reminder that the era of volatility heralded by the pandemic and war in Ukraine isn’t going

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