An oil-price shock, a corruption scandal in the free-meals programme and an unnerving inner circle drive a crisis of confidence in Jakarta
Money Plumbing
Central banks, rates, FX, insurance and the pipes value moves through.
state of play
The Iran energy shock has reached monetary policy: the ECB raised rates 25bp in June, its first hike since 2023, lifting its 2026 inflation baseline to 3.0% while cutting growth forecasts — a stagflation bind. The move tracks oil more than demand, so the path depends on whether the energy premium keeps unwinding. Watch eurozone core inflation and whether other central banks follow.
tracking
Central banks
Currencies & FX
Sovereign yields & bonds
Insurance & reinsurance
Payment rails & CBDCs
Banking stress
latest
The deposit rate goes to 2.25% as war-driven oil prices push 2026 inflation projections to 3.0% amid stalling growth