Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
ECB President Lagarde Left Timing of Her 2027 Departure Open
ECB President Christine Lagarde said she would leave during 2027 but did not confirm whether she would remain until her scheduled term ends in October.
RBA Governor Said Australia’s Inflation Risks Appeared 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 its 4.35% cash rate was restrictive enough.
ECB Wage Tracker Indicated 2.7% Growth Through First Half 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 Raised 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 Lifted 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 Raised 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.
Bank of Japan Raised Policy Rate to 1.25% in Split Vote
Bank of Japan raised its overnight call-rate target to around 1.25% by a 7–2 vote, with the change effective from 24 September 2026 for monetary operations.
Bank of England Held Rate at 3.75% as Three Members Favoured Increase
The Bank of England held Bank Rate at 3.75% by a 6–3 vote and set a path to unwind £368 billion of monetary-policy gilt holdings by end-2034.
Hong Kong Monetary Authority Raised Base Rate 25 Basis Points to 4.25%
The Hong Kong Monetary Authority raised its base rate by 25 basis points to 4.25%, following the Federal Reserve, while three major banks left their lending rates unchanged.
Brazil Central Bank Cut Selic 25 Basis Points to 13.75%
Brazil’s central bank unanimously reduced the Selic rate by 25 basis points to 13.75%, extending its easing cycle to five consecutive cuts and 125 basis points since March.
Federal Reserve Raised Rates 25 Basis Points to 3.75%–4.00% Range
The Federal Reserve unanimously raised its target range by 25 basis points to 3.75%–4.00%, its first increase in more than three years, as policymakers prioritised returning inflation to 2%.
China's Pan Said Slower, Higher-Quality Loan Growth Was Becoming New Normal
China's central bank governor Pan Gongsheng said slower, higher-quality lending was becoming normal as outstanding loans exceeded 280 trillion yuan and property and local-government financing demand contracted.