Eco Week Ahead

Trump’s War Jolts Global Central Banks From Fed to ECB to BOJ

The European Central Bank (ECB) headquarters and the financial district of Frankfurt.

Photographer: Alex Kraus/Bloomberg

Central banks from Washington to London to Jakarta are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran.

Decisions in the coming week encompassing every member of the Group of Seven and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution.