BIS President: It Is Premature to Gauge the Impact of the Israel War on the Global Economy

BIS President Agustín Carstens stated on Sunday that "it is too early to extrapolate" how the conflict that erupted on Saturday in Israel will affect the global economy, which is still grappling with high inflation following the COVID-19 pandemic. Carstens added before the National Association for Business Economics, "This traditionally affects oil prices and can influence the stock market, but it is too early to speculate."