Even if a U.S.-Iran agreement is reached quickly, HSBC still believes that "the impact of inflation will persist, and more central banks will raise interest rates."
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In the latest report released by HSBC’s global economics team, the bank raised its forecast for the average price of Brent crude in 2026 to $95/barrel, and warned that even if the US and Iran quickly reach an agreement and the Strait of Hormuz reopens, the supply shock’