Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Hong Kong Monetary Authority Cuts Base Rate by 25 Basis Points to 4.00%
The HKMA lowered its Base Rate to 4.00%, the third reduction in 2025 and the lowest level since October 2022, following the US Federal Reserve's December cut.
Swiss National Bank Holds Policy Rate at 0.00% in December 2025, Citing Balanced Conditions
The SNB kept its policy rate at 0.00% in December 2025, concluding that neither further easing nor tightening was warranted amid a strong franc and mildly negative inflation.
Bangko Sentral ng Pilipinas Cuts Target RRP Rate by 25 Basis Points to 4.50%
The BSP cut its target reverse repurchase rate to 4.50%, a three-year low, in what officials signalled may be among the final moves in the current easing cycle.
Central Bank of the UAE Cuts Base Rate to 3.65%, Completing 75 Basis Points of 2025 Easing
The CBUAE has lowered its base rate by 25 basis points to 3.65%, completing 75 basis points of cumulative easing in 2025 amid continued UAE economic resilience.
Bank of Canada Holds Overnight Rate at 2.25% at Final 2025 Policy Meeting
The Bank of Canada kept its policy rate at 2.25% at its last meeting of 2025, signalling the easing cycle is likely complete as economists see no further cuts into 2026.
Federal Reserve Cuts Federal Funds Rate by 25 Basis Points to 3.50–3.75% in December 2025
The FOMC voted 9-3 to cut its policy rate to 3.50–3.75%, the lowest point in the current cycle, while signalling a cautious approach heading into 2026.
Central Bank of Bahrain Cuts Overnight Deposit Rate by 25 Basis Points to 4.25%
The Central Bank of Bahrain has reduced its overnight deposit rate by 25 basis points to 4.25%, aligning with the US Federal Reserve's December rate cut to maintain monetary stability.
Banco Central do Brasil Holds Selic Rate at 15.00% for Fourth Consecutive Meeting
Brazil's Copom unanimously held the Selic rate at 15.00% for the fourth time in a row in December 2025, citing caution despite November inflation falling to a seven-year low for the month.
Qatar Central Bank Cuts Key Interest Rates by 25 Basis Points in December 2025
Qatar Central Bank has cut its deposit, lending, and repo rates by 25 basis points each, bringing the deposit rate to 3.85% and the lending rate to 4.35%.
Central Bank of Kenya Cuts Policy Rate to 9.00% in Ninth Consecutive Reduction Since 2024 Peak
The CBK lowered its central bank rate by 25 basis points to 9.00% on 9 December 2025, the ninth consecutive cut, bringing cumulative easing to 375 basis points since the 2024 peak.
Reserve Bank of Australia Holds Cash Rate at 3.60% at Final December 2025 Meeting
The RBA unanimously held its cash rate at 3.60% in December 2025, closing a year that saw three cuts and five holds totalling 75 basis points of easing.
Reserve Bank of India Cuts Repo Rate by 25 Basis Points to 5.25% in Fourth Reduction of 2025
The RBI reduced its repo rate to 5.25% on 5 December 2025, the fourth cut of the year, bringing total 2025 easing to 125 basis points while maintaining a neutral policy stance.