A WHO’S who of central banks meet this week and all will stress their commitment to price stability in the face of a huge oil-supply disruption. Most central bankers would love to be able to look through short-term swings in volatile products like food or energy. “And people will ask for higher wages more quickly than in the past.”While central banks also face a demand shock from the Mid-East tumult, that’s a secondary concern for the RBA. In this marquee week for central banks, which also includes the Bank of Japan, expect them to expound on the importance of vigilance, while not allowing themselves to get boxed in. It would be a shame amid this Oscar week for central banking if the RBA gets relegated to a footnote.

Source: The Star March 19, 2026 02:28 UTC