Although wages are still rising in some sectors, the Bank does not currently believe salary increases will fully keep pace with inflation if energy and food prices continue climbing.
In short, what began as a distant geopolitical conflict could soon become a financial reality felt directly inside millions of homes.
From mortgage payments and fuel prices to grocery costs and employment fears, the economic shockwaves of the Iran war are increasingly expected to reach everyday families — even those living far from the conflict itself.
