In Charts: How West Asia War, Rate Changes, Extreme Heat Affect the World | Today’s news

Policy choices

The war in West Asia and its direct impact on growth and inflation dynamics forced central banks to adopt different paths to solve their specific problems. Central banks are largely delaying rate cuts expected in the pre-war period and in some cases making new increases. Over the next month, however, most central banks, from the US Federal Reserve to the Reserve Bank of India, are expected to remain on hold as the fallout from the war in West Asia continues to unfold.