Will rising crude oil prices alter maths for central banks globally?

The recent spurt in global crude oil prices has created renewed interest on how monetary policymakers would respond to it. The orchestrated moves by central banks around the globe to cut interest rates since the subprime mortgage crisis helped spur their respective economies.

Last week, crude oil prices reached a point where it may now alter the ongoing money policy decisions of central bankers significantly, especially in Asia in response to changing inflation dynamics.