13:40 ET - Fresh conflict in the Middle East is the most serious risk for central banks as they aim to bring price inflation under control, says Fatih Karahan, governor of the Turkish central bank, during a discussion Tuesday at the Peterson Institute for International Economics in Washington D.C. Turkey is at a turning point in its spike in inflation, currently among the world's highest, as the bank aims to bring the level down to single figures in the medium term, Karahan says. One of the major potential obstacles to that task, he says, is geopolitical risk in the Middle East, where Israel is waging war on Gaza and seeing tensions with Iran mount. Turkey, reliant on energy imports, risks seeing a rise in oil prices add to pressure on inflation, the governor says. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
04-16-24 1355ET
