Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank of Israel Cuts Policy Rate by 25bp to 4.00% in Surprise Decision
The Bank of Israel's Monetary Committee voted to reduce the policy rate from 4.25% to 4.00%, the second consecutive cut, as inflation fell to 2.4% annually.
People's Bank of China Publishes Plan to Make Digital Yuan Interest-Bearing from January 2026
China's PBoC has published a plan for e-CNY wallet balances to earn interest from January 2026.
Central Bank of Egypt cuts key rates by 100 basis points in December 2025
The CBE cut its overnight deposit and lending rates by 100 bp to 20.00% and 21.00% on 25 December 2025, after holding in November.
Bank of Japan Raises Policy Rate to 0.75%, Highest Level Since September 1995
The Bank of Japan raised its benchmark rate to 0.75% by unanimous vote, reaching its highest level since September 1995 and signalling further hikes ahead.
Bank of England Cuts Bank Rate by 25 Basis Points to 3.75% in Sixth Reduction Since August 2024
The Bank of England lowered its Bank Rate to 3.75% by a narrow majority vote, marking the sixth cut since August 2024 as the MPC continued its gradual easing cycle.
ECB Holds Euro Area Deposit Rate at 2.00% for Fourth Consecutive Meeting, Revises Inflation Higher
The ECB kept its deposit rate at 2.00% for a fourth straight meeting and raised its 2026 inflation forecast to 1.9%.
Bank Al-Maghrib Holds Key Rate at 2.25% at December 2025 Quarterly Meeting
Morocco's central bank left its benchmark rate at 2.25% in December, citing controlled inflation and positive economic momentum while monitoring global uncertainty.
Riksbank holds Sweden's policy rate at 1.75% and expects it to stay there for some time
Sweden's central bank left its policy rate unchanged in December 2025, saying inflation had approached 2% and the economic recovery was under way.
Bank of Thailand Cuts Policy Rate to 1.25% in Unanimous December Decision
The Bank of Thailand cut its benchmark rate to 1.25% by unanimous vote, projecting the Thai economy to expand 2.2% in 2025.
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 as Inflation Falls to Zero
The SNB kept its policy rate at 0.00% in December 2025, with inflation at 0.0% and the SNB remaining willing to intervene in the foreign exchange market as necessary.
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.