That people in the United States they were unchanged this month, they remained in a range of between 5% and 5.25% after ten straight increases, a decision made a day after learning that the year-over-year inflation rate fell sharply in May, nine tenths, to up to 4%.

He Federal Reserve (Fed) Chairman Jerome Powellhave said that interest rates are likely to rise again based on economic data in the coming weeksalthough the Fed acknowledged that tighter credit conditions are likely to weigh on economic activity and hiring.

The next Fed meeting will take place on July 25 and 26. and before the end of the year the committee members will celebrate three other meetings in September, October and December.

For his part, he European Central Bank (ECB)has raised rates again by 0.25 points, up to 4%and its president, Christine Lagardehas sent a strong message by convincing it they will go up again in July, unless things change.

in his opinion, the journey has not been completed and the goal has not been reached, so there is “ground to be covered” to achieve the goal of reducing inflation to 2% from the current 6.1% in the euro area.

This is a strategy to increase tariffs have been taken over by other countries such as Australia, Canada, Türkiye or the UK. In this last case, The Bank of England raised it by half a point this Thursday to 5%in order to control year-on-year inflation which last May was recorded at 8.7%.

British Minister of Finance, Jeremy Hunthas shown that the Government has an “undeniable determination” to bring inflation down, “because that is the only way in the long run to reduce pressure on families with mortgages”, and has assured that if steps are not taken now “it will be worse later.” bad”, according to the Efe news agency.

Faced with this decision, China is the only country whose central bank has announced a cut in its benchmark interest rate this week. trying to boost the national economy in this way, and it was done because of the visible signs of a slowdown in its post-pandemic recovery process.

People’s Bank of China (BPC) fell ten basis points, from 3.65% to 3.55%the benchmark interest rate for one-year loans, the last variation of which dates back to last August, when the institution cut it from 3.7%.

Withholding will translate to a lower borrowing costs and this will provide modest support for economic activityalthough it is unlikely to trigger a sharp acceleration in credit growth, experts say.

No other country has taken that route of lowering interest ratesalthough some have decided stay aligned with the United States Federal Reserve (Fed), such as Brazil, Egypt, Mexico, Russia, or Morocco.

He Bank of Mexico (Banxico)for example, keeping this Thursday unchanged, for the second time in a row, that is interest rate of 11.25%, the highest level in its historyin a decision reflecting the end of its rising period due to slowing inflation, which fell in the first half of June to 5.18%, the lowest level since 2021.

Despite the improvement in forecasts and indicators, the central bank still “expects that the outlook for inflation will be complex and uncertain across the forecast horizon, with increasing risks.”

Another issue that experts have emphasized in recent months is that monetary policy acts with delay and its effects may take up to 18 months to be noticedissues that central banks must consider when making subsequent decisions about interest rates.