India, others stand pat to balance growth with El Nino, Mideast price risks

20260929N Indonesia gas shortage

Rising energy prices and abnormal weather patterns have been adding to inflationary pressures globally, including in Indonesia. © Reuters

SORA KITAJIMA

September 30, 2026 02:57 JST

TOKYO — Central banks in emerging economies are grappling with how best to respond to inflation, with some holding off on rate hikes out of concern over an economic slowdown.