0329 GMT - The 2022 energy crisis seems to be haunting central bankers' decisions, Maybank analysts say. The Iran war fallout is echoing conditions seen when Russia invaded Ukraine, sending energy prices spiraling. A slew of central bank decisions this week shows policymakers are keeping an eye on the current situation. Gold and silver prices fell precipitously in light of the hawkish shifts observed in most major banks--including the RBA and the Fed--Maybank says. "We could be witnessing another leg of position unwinding as central banks act to stay ahead of the curve this time," the analysts say, recalling the criticism many faced in 2022 for leaving policy settings too loose for too long on expectations that the energy shock would be transitory then. This time, central banks are taking a more pre-emptive approach. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 23:29 ET (03:29 GMT)
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