world-economy

Poland Holds Rates as Inflation Moderates Across Developed Markets

Poland's central bank will maintain interest rates at current levels for a third consecutive month following an unexpected cooling in inflation pressures. The decision reflects easing price growth that has reduced immediate monetary tightening imperatives across Europe. Meanwhile, divergent inflation trends are shaping policy decisions globally. South Korea's central bank maintains its hawkish stance as consumer inflation accelerated to its fastest pace in over two years, driven partly by geopolitical disruptions. Peru's inflation rate, though moderating in May, remains above central bank targets for the third straight month. Australia raised its national minimum wage 4.75% amid uncertainty over the economy's trajectory. Energy prices and tariffs continue driving inflation volatility worldwide, forcing central banks to balance price stability against economic growth.