Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank Indonesia hikes BI-Rate to 5.75% in further tightening step
Bank Indonesia raised the BI-Rate to 5.75% at its June meeting, following a 50 basis-point hike in May and an off-cycle 25 basis-point hike on 9 June, as the Board of Governors extended its tightening cycle.
Norway's Norges Bank holds policy rate at 4.25% and flags further tightening
Norges Bank kept its policy rate at 4.25% and delivered hawkish guidance, saying it was likely necessary to raise the rate further at one of the forthcoming meetings.
Banco Central do Brasil cuts Selic rate by 25 bp to 14.25% in third consecutive cut
Brazil's Copom cut the Selic rate 25 bp to 14.25% at its 279th meeting, in a third consecutive cut as it continued its monetary policy calibration cycle.
Federal Reserve holds rates at 3.50-3.75% in Chair Warsh's debut meeting
The Fed held rates at 3.50-3.75% in Chair Kevin Warsh's first meeting, as new projections showed nine of 18 policymakers expected a hike by end-2026.
Sweden's Riksbank holds policy rate at 1.75% and flags higher odds of a 2026 hike
The Riksbank left its policy rate at 1.75% and revised its rate path higher, saying the probability of a rise later in 2026 had increased.
Reserve Bank of Australia holds cash rate at 4.35% in June after May hike
The RBA left the cash rate at 4.35% following its May hike, saying inflation was still too high; annual CPI inflation was 4.2% in April.
Bank of Japan raises policy rate to 1.0% in landmark normalisation step
The BoJ lifted its policy rate 25 bp to around 1.0%, a 31-year high, in a 7-1 vote as higher energy costs linked to the Middle East situation raised inflation risks; Governor Ueda was absent.
South African traders scale back rate-hike bets after US-Iran peace deal pushes oil lower
Forward-rate agreements now price only 15 basis points of tightening for the Reserve Bank's July meeting, down from 30 basis points a week earlier, as falling oil prices ease inflation concerns.
Thailand's central bank says branch closures set to hit bank staff more than AI
Thailand's central bank governor said AI adoption had limited short-term impact on banking employment, and that branch closures, rather than AI, would be the main driver of staff reductions.
Singapore announces gold clearing system and central bank vaulting services
Singapore announced an over-the-counter gold clearing system and central bank vaulting services, with the Singapore Exchange to set up Loco Singapore clearing as the city-state sought to deepen its gold market role.
Asian markets temper Iran deal optimism ahead of Bank of Japan decision
Asian stocks inched higher on Tuesday but gains eased as investors weighed a reported Iran-United States peace deal against impending central bank decisions, notably an expected rate move from the Bank of Japan.
Egyptian prime minister meets central bank governor to review economic coordination
Egyptian Prime Minister Mostafa Madbouly met Central Bank of Egypt Governor Hassan Abdalla to review coordination between fiscal and monetary policy and efforts to secure essential commodities and fuel supplies, local media reported.