Trump’s war jolts global central banksDAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil pricesBloombergCentral banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Officials at the European Central Bank (ECB) are widely anticipated to keep the deposit rate unchanged on Thursday. However, the Middle East crisis has all but dislodged the central bank’s policy from the “good place” that ECB President Christine Lagarde and colleagues claimed to inhabit. However, its central bank is unlikely to raise rates on Thursday after recent inflation stayed well below 2 percent. Instead, the central bank is expected to revise up its GDP and inflation forecasts, DBS Bank Ltd said.

Source: Taipei Times March 15, 2026 17:14 UTC