Paraguay’s central bank sees its current benchmark interest rate of 6% slowing price increases to its new target as soon as the middle of 2026, Chairman Carlos Carvallo said in an interview.

AS THE central bank of a leading global financial powerhouse, the Monetary Authority of Singapore’s (MAS) policy decisions can have a wide-ranging impact on the global economy and financial sector. Read more at The Business Times.

The country's central bank cited slowing inflation, down from 85% in late 2022 to 47% last month, in its decision.

Russia’s central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its ongoing battle with sky-scraping inflation.

Brazil’s annual inflation unexpectedly slowed in early December as energy costs dropped, giving central bankers limited relief as they pledge two more jumbo interest rate hikes by March.

Russia’s central bank has left its benchmark interest rate at a record 21%, holding off on further increases despite high consumer inflation fueled by the Kremlin’s war against Ukraine.

Brazil's consumer prices rose less than expected in the month to mid-December, government statistics agency IBGE said on Friday, an outcome insufficient, however, to lead economists to foresee a better outlook for inflation.