ZURICH, Feb 28 — The Russia-Ukraine conflict has exacerbated the problems central banks face as soaring energy costs fuel high inflation, a top official of the Bank of International Settlements said today. The war “has greatly heightened economic uncertainty” and its evolution “will be by...
ZURICH, Feb 28 — The Russia-Ukraine conflict has exacerbated the problems central banks face as soaring energy costs fuel high inflation, a top official of the Bank of International Settlements said today.
Energy prices have rocketed over the geopolitical tensions in eastern Europe as fears grow of supplies from Russia dwindling or being cut off altogether. The BIS did not comment on international sanctions imposed against Russia over Moscow’s invasion of Ukraine.
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