Global central banks were on the same page, Ukraine crisis may reshape that

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been into doubt by Russia's invasion of Ukraine.

The well-scripted turn by global central banks towards tighter, post-pandemic monetary policy has been thrown into doubt by Russia's invasion of Ukraine, a geopolitical upheaval likely to be felt differently across the world's major economic centers.

Risks policymakers face globally include a near immediate spike in the price of oil to above $100 dollars a barrel, and longer-term imponderables of what a European land war could do to confidence, investment, trade and the financial system. Central banks had been positioned for a head-on fight against inflation while expecting continued strong economic growth. But now, they may now see but growth