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Overseas Headlines – April 28, 2026

April 28, 2026

 

United States:

World Bank Sees Commodity Prices Hitting Four-Year High in 2026

 

Global commodity prices are set to increase this year to the highest since 2022 as the war in Iran continues to disrupt key industrial supplies like oil and metals, the World Bank Group said.

 

The bank’s commodity-price index is seen climbing about 16% this year, the Washington-based lender said in its latest Commodity Markets Outlook report Tuesday. That would mark the first annual increase since Russia’s invasion of Ukraine roiled energy markets and fanned global inflation, according to the bank

 

https://www.bloomberg.com/news/articles/2026-04-28/world-bank-sees-commodity-prices-hitting-four-year-high-in-2026?srnd=phx-latinamerica

 

Europe:

ECB Says Consumer Inflation Expectations Jumped in March

 

Inflation expectations among euro-area consumers jumped across the board in March, a worrying sign for European Central Bank as it assesses the knock-on effects of the Iran war.

 

Prices were seen soaring 4% over the next 12 months — up from 2.5% in February, according to the ECB’s monthly survey of consumers, released Tuesday.

 

https://www.bloomberg.com/news/articles/2026-04-28/ecb-says-consumer-inflation-expectations-rose-sharply-in-march?srnd=phx-fixed-income

 

Asia:

BOJ’s Split Vote on Rates Marks Most Hawkish Divide of Ueda Era

 

The Bank of Japan left its key interest rate unchanged in a split vote that boosted the chance of a June hike. But the weak yen saw only a brief respite as Governor Kazuo Ueda cast doubt on the economy’s outlook.

 

The BOJ held its policy rate steady at 0.75% at the end of its two-day policy meeting Tuesday, according to a statement. The 6-3 vote represents the biggest divide under Ueda’s governorship, suggesting swelling pressure to normalize policy.

 

https://www.bloomberg.com/news/articles/2026-04-28/bank-of-japan-holds-key-rate-as-middle-east-war-clouds-outlook?srnd=phx-economics-central-banks

 

 

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