Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder for central banks to cut interest rates quickly, the World Bank (WB) said in a report on Thursday. The report also found that a major outbreak of conflict in the Middle East could halt the inflationary decline that has occurred over the past two years.
Major flare-up in Middle-East conflict could stoke global inflation postcourier.com.pg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from postcourier.com.pg Daily Mail and Mail on Sunday newspapers.
Global Commodity Prices Stall, Threaten Low Inflation Hopes miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
IF the conflict in the Middle East escalates, the World Bank expects natural gas, fertilizers, and food to become even more expensive than they are today. In its latest Commodity Markets Outlook, the World Bank said a major outbreak of the conflict in the Middle East could stall the steady…
Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder for central banks to cut interest rates quickly, according to the World Bank’s latest Commodity Markets Outlook.