The South African Reserve Bank is managing inflation risks driven by the Middle East conflict, while El Nino impacts food prices.
6 reports, 3 independent
Updated Oct 7
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What happened
The South African Reserve Bank is managing inflation risks driven by the Middle East conflict, while El Nino impacts food prices.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The South African Reserve Bank Governor announced a policy rate increase amid global supply chain disruptions and war-driven inflation.Sub-event
SA central bank manages inflation risks from Middle East conflict and El Nino.1 source
Keep exploring
Part of
The Middle East faces instability, with Iran central to the conflict, while the closure of the Strait of Hormuz harms the global economy.Also in this story
- Beijing calls for dialogue on regional issues and urges commitment to a peace process in the Middle East.
- Energy prices affect interest rate reviews by the ECB, while a ceasefire allows detailed negotiations on conflict in the Middle East.
The entities involved
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South Africa
country in southern Africa
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- The US and Israel began striking Iran on June 1st, leading to severe disruptions in regional air traffic. Airlines like Emirates are operating out of bases like Abu Dhabi and Dubai.
- Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.
Related events
- The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.
- The BSP manages inflation and currency stability while facing pressures from the FED, El Niño, and Middle East conflicts.
- Rising inflation rates are compelling the South African Reserve Bank to consider interest rate hikes.