Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Swiss National Bank held policy rate at zero as inflation rose
The Swiss National Bank kept its policy rate at 0%, raised its 2026 inflation forecast to 0.7% and projected economic growth between 1.5% and 2%.
Bank Indonesia held policy rate at 5.75% and expanded hedging incentives
Bank Indonesia kept its policy rate at 5.75%, matching 29 of 32 economists’ forecasts, while increasing hedging-cost discounts for foreign investors in rupiah assets to support inflows.
Fed officials backed September rate rise as US inflation risks persisted
Regional Federal Reserve presidents backed September’s quarter-point increase, citing persistent US inflation and a solid labour market as reasons to keep monetary policy restrictive for longer.
New Zealand Central Bank Warned Persistent Oil Rise Could Lift Inflation
Reserve Bank of New Zealand governor Anna Breman said persistently higher oil prices could lift near-term inflation above September forecasts before the bank’s next rate decision on 28 October.
Federal Reserve Said Online Portal Handles Most Discount Window Loan Requests
Federal Reserve Vice Chair Philip Jefferson said more than 60% of discount-window loan requests now pass through its online portal, which was launched in 2024.
Saudi Central Bank Ended mBridge Participation After Completing Its Planned Pilot
The Saudi Central Bank said it ended participation in mBridge after completing a proof-of-concept on 13 May 2025, removing the kingdom from the cross-border CBDC platform.
Reserve Bank of India Halved Liquidity Surplus Through Bonds and Swaps
The Reserve Bank of India reduced the banking system’s liquidity surplus by 55% to ₹4.92 trillion through bond sales, foreign-exchange swaps and reverse repos after exceptional deposit inflows.
Reserve Bank of Australia Flagged Inflation Risks Before September Decision
Reserve Bank Governor Michele Bullock said inflation risks may be materialising, with the cash rate at 4.35% and core inflation still above the 2%–3% target.
Reserve Bank of India Drew $143.6 Billion Through Concessional Currency Swaps
The Reserve Bank of India reported $143.596 billion of foreign-currency inflows under concessional swap facilities by 18 September, led by $132.98 billion of FCNR(B) deposits.
ECB found eurozone gas inflation pass-through had accelerated since 2022
The ECB found wholesale gas-price changes were expected to pass into inflation within one to three months across over half the euro area by inflation weight.
Armenia Raised Refinancing Rate 25 Basis Points to 6.75% as Inflation Rose
The Central Bank of Armenia raised its refinancing rate by 25 basis points to 6.75% after August inflation reached 4.4%, above the bank’s 3% medium-term target.
Central Bank of Oman Raised Its Repo Rate to 4.5%
The Central Bank of Oman raised its repo rate by 25 basis points to 4.5% from 17 September, citing the fixed exchange-rate system and financial stability.