US-Iran Deal Eases Oil Prices, But Global Central Banks Stay Cautious

The recent agreement between the United States and Iran to end their conflict has pushed oil prices lower. This gives some breathing room to central banks worried that rising energy costs would drive inflation higher.

But policymakers in developed economies are not letting their guard down. Several central banks are already tightening policy. Others, including the U.S. Federal Reserve, have signalled they are ready to raise rates again if inflation does not cool off.

Here is a look at where central banks in the Group of 10 (G10) developed economies stand. They are ranked from the highest policy rate to the lowest.