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Rising oil prices keep pressure on central banks, Scotiabank warns
Original: Oil: Higher prices keep pressure on central banks – Scotiabank
Scotiabank analysts warn that higher oil prices are sustaining inflationary pressure, keeping central banks under strain and limiting room to cut interest rates. The bank's note, carried by FXStreet, suggests energy costs remain a key variable for policymakers weighing when to ease monetary policy, with markets watching how central banks respond to renewed price pressures.
Why now: Oil prices are rising, renewing inflation concerns just as markets expect central banks to begin cutting rates.
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