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0414 GMT - If oil prices rise to $120 a barrel, it could pose meaningful risks to Asia's growth, Morgan Stanley analysts say in a research note. The analysts reckon that a sustained $10 a barrel rise in oil prices will likely directly weigh on Asia's GDP growth, by 20-30 basis points. If oil rises to $120 a barrel, it would take Asia's oil and gas burden to 6.3% of GDP, they note. If the conflict drags on and commodity prices stay high, it will also erode the extent of the policy buffers that can be put in place, they say. Central banks in the Philippines, Indonesia, India, and Korea may have to take up rate hikes from late 3Q or 4Q if the conflict persists, they add.(sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 00:14 ET (04:14 GMT)
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