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Reports from senior central bank governors confirmed that inflation remains the biggest challenge, despite the recent ceasefire agreement between the United States and Iran, which is expected to ease some energy price pressures. They pointed out the continued need to maintain a tight monetary policy to contain inflation, with interest rates remaining high in both the UK and the US. Data also showed that core inflation in the United States reached approximately 3.3% in April, with expectations for it to stabilize, while overall inflation remains around 3.6%.
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