Taiwan’s central bank held rates steady with a watchful eye on inflation, declining to join the Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy.

Russia’s central bank has raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy’s capacity to produce goods

Canadian inflation matched the central bank’s target last month for the first time in more than three years, smoothing the road for further cuts in interest rates.

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers.

Russia's central bank unexpectedly raised its benchmark interest rate by 100 basis points to 19% on Friday, saying that inflation remained stubbornly high and action was needed to reduce it.

The ECB is expected to trim borrowing costs as its focus shifts from damping inflation to supporting the bloc’s faltering economy.

The Russian central bank, striving to combat inflation, has raised interest rates to 19 percent. According to AFP, inflationary pressure is increasing due to public spending intended to support the offensive in Ukraine.

The Russian central bank, attempting to combat inflation, has raised interest rates to 19 per cent. Inflationary pressure is heightened by public spending intended to support the offensive in Ukraine,