Oil crisis 2.0? Central banks brace for Middle East fallout

Oil crisis 2.0? Central banks brace for Middle East fallout Oil crisis 2.0? Central banks brace for Middle East fallout

William Pesek is an award-winning Tokyo-based journalist and author of “Japanization: What the World Can Learn from Japan’s Lost Decades.”

This week, as central bankers overseeing 40% of global economic growth plot interest rate strategies, they are doing so, effectively, while wearing blindfolds.