Good News On Growth, Warning On Oil: What S&P Just Said About India’s Economy
The Bank of Canada has warned that the conflict in the Middle East has increased volatility in global energy prices and financial markets, heightening the risks to the global economy. The bank has left interest rates on hold and predicts weaker near-term economic growth due to the conflict.
The Bank of Canada has warned of weaker economic growth due to the Middle East conflict. Global oil and natural gas prices have risen sharply, boosting inflation. The bank has left interest rates on hold at 2.25%. The conflict has increased volatility in energy prices and financial markets. Iran has threatened to attack energy infrastructure in retaliation for Israeli strikes. The oil price has climbed towards $110 a barrel, fuelling concerns over global supplies.
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