Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Saudi Central Bank confirms mBridge exit 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 halves liquidity surplus through bonds and swaps
The Reserve Bank of India reduced the banking system’s liquidity surplus by about 56% to ₹4.92 trillion through bond sales, foreign-exchange swaps and reverse repos after exceptional deposit inflows.
Reserve Bank of Australia flags 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 draws $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 finds eurozone gas inflation pass-through has 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 raises refinancing rate 25 basis points to 6.75% as core inflation rises
The Central Bank of Armenia raised its refinancing rate by 25 basis points to 6.75% with annual inflation at 4.4% and core inflation at 4.8% in August, above the bank’s 3% medium-term target.
Central Bank of Oman raises 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.
RBA governor says Australia’s inflation risks appear to be materialising
Governor Michele Bullock said upside inflation risks appeared to be materialising as oil and AI-related prices rose, leaving the RBA to judge whether tightening to a 4.35% cash rate was enough to return inflation to target.
ECB wage tracker indicates 2.7% negotiated wage growth in first half of 2027
The ECB’s wage tracker indicated average negotiated-pay growth of 2.7% in the first half of 2027, although agreements covered only 28.8% of employees for that period.
Qatar Central Bank raises three policy rates by 25 basis points
Qatar Central Bank raised its deposit, repo and lending rates by 25 basis points, taking them to 4.10%, 4.35% and 4.60%, respectively, across its monetary-policy framework.
UAE central bank lifts benchmark rate to 3.9% after Fed increase
The UAE Central Bank raised its base rate by 25 basis points to 3.9%, effective 17 September, after the Federal Reserve increased US interest rates.
Saudi Central Bank raises repo and reverse-repo rates by 25 basis points
The Saudi Central Bank raised its repo rate to 4.50% and reverse-repo rate to 4.00%, moving both benchmarks 25 basis points higher after the US Federal Reserve tightened policy.