The war in Europe, and sanctions imposed on Russia, have profound global impacts. One of these is the reduction of economic growth in Europe this year. Heightened uncertainty is hitting consumer spending and reducing business investment. At the same time, prices of oil, metals, and grains are surging amid fears of further supply disruption. This podcast explores what this rising ‘stagflation’ risk means for monetary policy, short- and long- term.
Read more here: Listen: The economic price of the war in Europe