world-economy

Central Banks Hold Rates Steady as Inflation Pressures Ease Globally

Central banks across multiple economies maintained their benchmark interest rates this week, signaling confidence that recent inflation spikes are moderating. Peru's central bank held its key rate at 4.25% for a tenth consecutive month, viewing price pressures as transitory. Mexico's inflation declined to its slowest pace since 2020 in June, providing policymakers greater room for maneuver as they evaluate whether the disinflation trend will persist. France's central bank upgraded its growth outlook after activity improved in all sectors, suggesting the region will avoid recession. Egypt opted for caution by holding rates unchanged for a third straight meeting amid geopolitical uncertainties. Policymakers are carefully balancing support for growth with price stability maintenance as economic conditions stabilize across regions.