Central Banks Address Inflation Concerns Worldwide
Central Banks Address Inflation Concerns Worldwide
Central Banks Address Inflation Concerns Worldwide
News summary

The Reserve Bank of New Zealand (RBNZ) is contemplating lingering inflation pressures despite a lower central outlook and has hinted at gradual rate reductions, countering speculation of a major cut next month. Governor Adrian Orr emphasized uncertainty in price-setting behavior and inflation persistence, although inflation has returned to target levels. Meanwhile, in India, the Reserve Bank of India's (RBI) monetary policy committee voted predominantly to maintain the current interest rate, citing economic uncertainties, while one member argued for a rate cut to stimulate demand. The RBI shifted its stance to 'neutral' from 'withdrawal of accommodation', indicating possible future easing amidst geopolitical and commodity price risks. In Brazil, the central bank is highly concerned about inflation rates exceeding their target, with a commitment to necessary measures to control cost-of-living increases. Brazilian core inflation remains above the target range, highlighting ongoing economic challenges.

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