world-economy

Hungary's Central Bank Set for Third Rate Cut as Inflation Hits 10-Year Low

Hungary's monetary policymakers are preparing to lower borrowing costs for a third consecutive meeting, capitalizing on inflation that has fallen to its weakest level in a decade. The decision reflects a broader shift among central banks globally as price pressures ease. Australia's Reserve Bank kept rates unchanged, signaling patience while monitoring inflationary risks. Mexico's central bank also maintained its benchmark rate despite a modest economic rebound and inflation creeping above target levels. Japan's policymakers are preparing rate increases as soon as next month. The Federal Reserve remains data-dependent, with officials indicating willingness to tighten policy if price growth refuses to moderate. These divergent paths show how inflation is reshaping monetary policy across major economies.