World Economy

Pakistan Inflation Moderates as Central Banks Weigh Rate Trajectory

Pakistan's inflation declined in recent months following aggressive interest rate increases by its central bank, providing policymakers a window to assess monetary tightening effectiveness. The pullback in price pressures comes as global central banks navigate divergent paths on borrowing costs. Australia's central bank is poised to raise interest rates for a fifth time this year to combat elevated inflation. The Bank of England signaled uncertainty about whether current rates remain appropriate for future economic conditions. Taiwan's monetary authority moved to ease restrictions on dollar sales by exporters, supporting the local currency amid capital outflows that made it Asia's worst performer recently. Shipping carriers maintained elevated pricing power, with industry metrics holding firm ahead of year-end peaks.