Fiscal policy response to Iran war risks worsening inflation: BIS chief

Nikkei Asia | May 10, 2026, 5:05 p.m. | Original

TOKYO -- Central banks worldwide must be "ready to act" against inflationary effects of the Iran war, which risk being aggravated by an excessive fiscal policy response, said Pablo Hernandez de Cos, general manager of the Bank for International Settlements.

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