Central banks face calls for heightened oil shock vigilance
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MAS chief economist Edward Robinson emphasized the need for central banks to be vigilant regarding fiscal and financial stability risks from Middle East oil shocks. He noted that energy price spikes are quickly reflected in wages, particularly in small open economies. Robinson warned of potential export restrictions tightening global supply and highlighted the importance of renewable energy resilience. He also discussed the unexpected resilience of trade flows among non-US partners despite anticipated disruptions from US tariffs.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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