The bank cuts rates from 2.75% to 2.5% but faces pressures from threatened US tariffs and plans to boost military funding.

Turkey’s central bank has lowered its key interest rate by a further 2.5 percentage points days after official figures indicated a slowdown in inflation that has eroded households’ purchasing power.

Malaysia's central bank kept its benchmark interest rate unchanged on Thursday, expecting economic activity to remain strong this year and inflation manageable, but it warned of increasing risks to the global economy.

Hungary’s new central bank leadership sees no room to cut interest rates because of a resurgence of inflation, according to people familiar with the outlook, cooling speculation that monetary easing may resume at a brisk pace later this year.