Recent surveys reveal a growing concern among CEOs about inflation and its impact on their businesses, with 45% citing it as a top concern, a significant increase from earlier in the year. The Federal Reserve's decision to maintain interest rates has contributed to this apprehension, as executives report diminished confidence in their ability to manage inflationary pressures. In contrast, the Central Bank of Russia is expected to raise interest rates significantly, with probabilities indicating a jump to 18% in response to persistent inflation above targets. The OECD forecasts elevated short-term interest rates peaking at 4.4% in early 2025, followed by gradual declines as inflation stabilizes. Meanwhile, the Federal Reserve is contemplating language changes regarding inflation in its policy statements, reflecting a potential shift in its monetary policy stance as inflation shows signs of easing. Analysts note the complex interplay of factors influencing these monetary policies as central banks aim to balance inflation control with economic growth.