Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
South African Reserve Bank held repo rate at 6.75% in split 4–2 vote
Two MPC members favoured a 25bp cut as the Reserve Bank kept rates on hold to anchor inflation expectations at its new 3% target.
Sveriges Riksbank Holds Policy Rate at 1.75% but Flags Increased Uncertainty
Sweden's Riksbank kept its policy rate at 1.75% at the January 2026 Monetary Policy Update, saying the rate supports activity and the inflation target and is expected to remain there for some time.
Hong Kong Monetary Authority Keeps Base Rate at 4.00% in Line With Federal Reserve January Hold
The HKMA held its base rate at 4.00% on 29 January 2026, mirroring the Federal Reserve's decision to keep rates at 3.50–3.75% under Hong Kong's linked exchange rate system.
Banco Central do Brasil Holds Selic at 15.00% for Fifth Meeting, Signals March Easing
Brazil's Copom held the Selic at 15.00% for a fifth consecutive meeting, signalling a possible easing in March 2026 as inflation expectations stood at 4.0%.
Qatar Central Bank Holds All Key Rates Unchanged at January 2026 Meeting
The QCB kept its deposit rate at 3.85%, lending rate at 4.35%, and repo at 4.10%, mirroring the US Federal Reserve's decision to hold rates steady.
Federal Reserve Holds Funds Rate at 3.50–3.75% at First FOMC Meeting of 2026
The FOMC held the federal funds rate at 3.50–3.75% at its January 2026 meeting, pausing after three consecutive 2025 cuts as inflation remained above the 2% target.
Bank of Canada Holds Overnight Rate at 2.25% at First 2026 Meeting Amid Global Uncertainty
The Bank of Canada held its overnight rate at 2.25% at its first 2026 meeting, holding for a second consecutive meeting after its 2025 easing cycle as global economic uncertainty clouded the domestic outlook.
Bank of Ghana cuts policy rate by 250 basis points to 15.5% in January 2026
The Bank of Ghana cut its policy rate by 250 bp to 15.50% on 28 January 2026 as inflation fell to 5.4%.
Bank of Japan Holds Policy Rate at 0.75% in 8-1 Vote After December Hike to 30-Year High
The Bank of Japan held its policy rate at 0.75% in an 8-1 vote at its January 2026 meeting, after December's hike to a 30-year high, while raising economic growth forecasts.
Turkey's Central Bank Cuts Policy Rate by 100bp to 37% in Fifth Consecutive Reduction
The CBRT trimmed its one-week repo rate to 37%, delivering a smaller-than-expected cut as the bank warned that inflation expectations still pose an upward threat to disinflation.
People's Bank of China Cuts Structural Tool Rates by 25bp to 1.25% to Boost Targeted Lending
The PBoC cut all structural monetary policy tool rates by 25 basis points, bringing the one-year relending facility rate to 1.25%, effective 19 January.
PBOC Slashes Tool Rates in Measured Easing Signal
China's central bank cut rates on key structural tools by 0.25 points and boosted relending quotas by 900 billion yuan, and signalled room for further reserve requirement and interest rate cuts this year.