Iran war pauses global central bank rate easing in April
Global central banks paused interest rate cuts in April as the Iran war drove oil prices higher. Emerging markets also slowed easing amid inflation risks.
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Six major central banks including the United States Federal Reserve held interest rates steady in April as the Iran war stalled global easing. In 2025 and 2024, G10 central banks delivered 850 basis points and 800 basis points in easing, respectively. Oil prices have surged as supply fears mount, pushing markets to price in higher inflation and potential rate hikes.
