Analyst: Central banks around the world are indicating increasing concerns about the impact of the oil shock.

Ipek Ozkardeskaya of Swissquote Bank stated that the one-week central bank decision-making week is coming to an end and has reached a clear conclusion: the Middle East conflict is intensifying, and no one knows what the correct monetary policy response should be. The main message conveyed by central banks is that the ongoing rise in oil and energy prices will push up inflation in the short to medium term, depending on how long the conflict lasts, and will also hamper growth. She said in a report that the challenge is that raising interest rates to address external supply shocks can only be effective to a certain extent. The analyst wrote that raising interest rates cannot end wars, restore damaged infrastructure, or directly lower energy prices. What raising interest rates can do is curb growth and demand, which helps to contain inflationary pressures, but may not necessarily reverse them.