Prolonged war in the Middle East is driving inflation and policy concerns, specifically impacting the Bank of Korea.

The entities involved

• Bank of Korea →

  central bank of Republic of Korea, established in 1950

  • Disputes intensified over foreign policy comparisons in the Middle East, driving oil market volatility.Mon 14:11
  • The Ministry of Finance and Economy and the Bank of Korea strengthened coordination regarding economic uncertainties.Mon 05:59
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• Conflict in the Middle East is impacting inflation outlook, according to the Federal Reserve Bank of Chicago.Jun 24
• The war in the Middle East impacted inflation outlook, commented on by expert Cevdet Yılmaz.Sep 6
• Middle East war causes inflation, pushing up energy prices and forcing central banks (BoJ, BoE, ECB) to manage monetary policy and respond to economic fallout.Jun 18
• The Bank of Spain reports on the economic impact of the Middle East conflict, noting that the geopolitical instability is directly affecting Spanish inflation.Jun 19
• The Middle East conflict caused a rise in headline CPI inflation.Aug 25