Central banks hold rates as inflation cools unevenly
Policymakers in three major economies kept borrowing costs unchanged, citing uneven progress on prices.
HV
Helena Voss
August 8, 2026 · 4 Min Read
Central banks in three major economies left benchmark interest rates unchanged this week, signalling that the fight against inflation is not yet finished even as headline price growth continues to ease.
Officials pointed to services inflation and wage growth as the main reasons for caution. Several policymakers said they would need consecutive months of softer data before considering cuts.
Markets reacted modestly, with bond yields slipping and currency moves contained. Analysts said the decisions were widely expected and largely priced in.