
Markets swing on changing perceptions of the policy outlook: BIS Quarterly Review
BISness
Incommodity Markets
The price picture has has changed. In over over the month following the russian invasion of ukrane, we saw initially a very sharp spike in in commodity prices. Even in gas and electricity, the prices have come down quite a lot since their peaks earlier in the summer er. So i think it's roughly, in a ten times pre pandemic levels. But there are also lessons in how to deal with this, to remedy these e liquidity stresses inadjuring stress times as wellegot the next question,. which is from francesco inanfole from milano Financa. And urazona. When do you expect that central banks will need to stop this titening
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