The Reserve Bank of India (RBI) is expected to maintain its current repo rate of 6.5% during the upcoming Monetary Policy Committee (MPC) meeting on August 8, despite ongoing inflation concerns, particularly related to food prices. Similarly, the Reserve Bank of Australia (RBA) is anticipated to keep its cash rate at 4.35%, as it aims to bring inflation within its target range by mid-2026. In contrast, the U.S. Federal Reserve is under increasing pressure to cut interest rates, potentially by 50 basis points in September, following a weaker-than-expected jobs report and rising unemployment. Meanwhile, the Bank of England has initiated its first rate cut in four years, with further reductions expected, prompting UK banks to implement cost-cutting measures. These diverse central bank actions highlight differing approaches to managing inflation and economic growth amidst varying domestic pressures.