BoE governor Andrew Bailey told CNBC that the U.K. is set to meet its inflation target ahead of schedule.

Bank of Japan board member Kazuyuki Masu said on Friday the central bank must raise interest rates in a timely fashion to avoid underlying inflation from exceeding its 2% target.

Trump has urged the Fed to significantly lower interest rates.

The Federal Reserve on Wednesday released its decision on interest rates.

The Reserve Bank of Australia (RBA) has lifted the cash rate by 25 basis points to 3.85%, adding to pressure on households and businesses. While the move was widely expected by markets and most economists,

The surge of inflation that took hold after the pandemic is still hurting household budgets and still very much on the minds of officials at the Federal Reserve.

The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.

Inflation has risen further above the Reserve Bank of Australia’s 2–3% target. There is now a very real prospect the Reserve Bank will feel it needs to increase interest rates at its meeting next week,

Bank of England holds interest rate – but close vote shows inflation risk has eased - The Monetary Policy Committee vote turned out to be much closer than anticipated, with a 5-4 result paving the way