The Bank of Russia left its key interest rate unchanged for a fourth straight meeting, despite a continuing rise in inflation driven by the diversion of men and material to prosecute the invasion of Ukraine.

Colombia's central bank should leave its benchmark interest rate unchanged in its meeting next week, a Reuters poll predicted on Friday, as inflation is expected to remain above target amid global trade uncertainty and weak public finances.

CNBC has spoken to numerous European Central Bank policymakers this week, who have stressed progress on inflation but risks to the outlook from tariffs. The "disinflationary process is so much on track that we are nearing completion,