New Delhi, May 3 -- Central banks globally are reassessing their policy trajectories after the Iran war pushed energy prices higher, with Investment management firm, Robeco, warning that the "crude disruption" is forcing some to postpone easing while others weigh hikes they had not previously anticipated. Looking ahead, the firm expects the Fed to deliver two rate cuts later this year under incoming Chair Kevin Warsh, while the ECB could hike 25 (basis points) bps in June and September if Brent crude holds near USD 80 per barrel. In Asia, the Bank of Japan is likely to continue tightening as a tight labour market and 3per cent wage growth raise the risk of a 2022-style inflation episode.

The impact of sustained high energy prices varies ...