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World's central banks set policy for economies shaken by the war

Bloomberg3/13/2022 11:26 AM GMT+08  • 7 min read
World's central banks set policy for economies shaken by the war
The Fed is expected to announce a quarter-point increase - the first rate hike since 2018.
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Global central banks this week will offer the biggest collective assessment of a changed world since Russia’s invasion of Ukraine sparked renewed supply disruptions and a sudden inflation shock for many economies.

Among the eight members of the Group of 20 whose monetary officials are due to meet, the Federal Reserve’s impending interest-rate increase is likely to steal the limelight.

The others will display a kaleidescope of policy reflecting differing impacts from the conflict in a world economy already adjusting to surging prices. Decisions will range from another potential rate hike at the hawkish Bank of England, to the Bank of Japan’s likely outcome of insisting on a continued easing stance.

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