(Bloomberg) -- Oil prices have a ``substantial''
risk of surging higher and boosting inflation because non-OPEC
production may soon peak, the Bank for International Settlements
said in its annual report.
``The short-run risks of sharp increases in oil prices
remain substantial,'' the Basel, Switzerland-based BIS said in
its 77th annual report today. ``The impact of oil price increases
could be significant; a recent analysis estimates that a supply-
induced doubling of prices would boost inflation in emerging Asia
by as much as 1.4 percent points above baseline.''
Read more at Bloomberg Energy News
risk of surging higher and boosting inflation because non-OPEC
production may soon peak, the Bank for International Settlements
said in its annual report.
``The short-run risks of sharp increases in oil prices
remain substantial,'' the Basel, Switzerland-based BIS said in
its 77th annual report today. ``The impact of oil price increases
could be significant; a recent analysis estimates that a supply-
induced doubling of prices would boost inflation in emerging Asia
by as much as 1.4 percent points above baseline.''
Read more at Bloomberg Energy News
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