The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
Even if Middle East conflict abates, global risk outlook has fundamentally shifted
Recent economic data reveals the impact of energy price shock
Research indicates that strong wage growth is keeping inflation elevated
Oil shock knock-on effects more likely as conflict drags on
Labour market stabilizes, but recovery prospects remain shaky: NBF
The bank's benchmark deposit rate has remained at 2% since June 2025
Before the war, it was largely expected that the central bank would cut rates
The central bank held its policy interest rate at 2.25% on Wednesday
Fed officials expect the Iran war will worsen inflation this year, but have little impact on economic growth