Four years before the Iran war started, the Russia-Ukraine war had introduced a similar situation of commodity shock. In response, the central banks of several countries had hiked their interest rates.
How Countries Use Interest Rates To Tackle War-Driven Supply Shocks
Four years before the Iran war started, the Russia-Ukraine war had introduced a similar situation of commodity shock. In response, the central banks of several countries had hiked their interest rates.
Published: 2 June 2026
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