Central Banks in Hungary, Romania, Ghana Urge Caution Amid Inflation Risks

The central banks of Romania and Ghana are actively addressing inflation concerns through monetary policy adjustments. Romania's inflation rate slightly eased to 4.9% in March, prompting caution from the central bank regarding potential rate cuts, while Ghana's central bank recently increased its policy rate by 100 basis points to 28% to reinforce disinflation efforts, following a decline in inflation from 23.8% to 22.4%. Ghana's Governor, Dr. Johnson Asiama, emphasized the importance of transparency in lending rates adjustments by banks to support businesses and households. Meanwhile, the National Bank of Hungary opted to maintain its base rate at 6.50% amid ongoing inflation risks and geopolitical tensions, reflecting a stability-oriented approach. These actions highlight the delicate balancing act central banks face in managing inflation while supporting economic growth. The interconnectedness of global trade and local economic conditions continues to influence these decisions.