Central banks pause rate hikes
Major central banks paused interest rate rises while signaling further tightening may be needed due to persistent inflation and high energy prices. The Federal Reserve and European Central Bank kept rates steady, though officials warned that risks remain elevated.
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Major global central banks paused interest rate hikes during the week, maintaining policy rates as energy prices hovered near multi-month highs. The temporary hold comes amid persistent inflation pressures and ongoing geopolitical conflict in the Middle East. Global investors now await upcoming rate decisions across developed economies.
