Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Reserve Bank of Australia Holds Cash Rate at 3.85%, Surprising Markets Expecting a Third Cut
The Reserve Bank of Australia kept its cash rate at 3.85% in July 2025, defying expectations of a third consecutive cut by citing a resilient labour market and sticky services inflation.
National Bank of Poland Cuts Reference Rate by 25 Basis Points to 4.50% in July 2025
The NBP reduced its benchmark rate to 4.50% in July 2025, reflecting easing inflationary pressures and returning the rate to the midpoint of its 2023 peak cycle.
National Bank of Ethiopia Holds Policy Rate at 15.00% at Third MPC Meeting
Ethiopia's central bank kept its National Bank Rate at 15.00% at its third Monetary Policy Committee meeting since adopting a formal rate framework.
Federal Reserve and US Agencies Propose Revised Basel III Endgame Rules With Reduced Capital Increase of 9%
US banking regulators proposed a substantially revised Basel III endgame framework on 27 June 2025, cutting the aggregate capital increase for large banks to around 9% from the original 19%.
Czech National Bank Holds Two-Week Repo Rate at 3.50% in Unanimous Board Decision
The CNB's Bank Board voted unanimously to keep the two-week repo rate at 3.50% in June 2025, pausing after a cut in May to assess incoming data.
Federal Reserve's 2025 Stress Tests Show All Large US Banks Remain Adequately Capitalised Under Severe Scenario
The Federal Reserve's 2025 stress tests showed all participating large US banks remain adequately capitalised, with aggregate projected losses of $550bn under the severely adverse scenario.
Federal Reserve Removes Reputational Risk from US Bank Supervisory Examination Framework
The Federal Reserve eliminated reputational risk as a supervisory rating factor on 23 June 2025, shifting to more objective and quantitative examination criteria for US banks.
Swiss National Bank Cuts Rate to Zero for Sixth Consecutive Meeting and Leaves Door Open to Negative Rates
Switzerland's SNB cut its policy rate from 0.25% to 0.00% in June 2025, its sixth consecutive reduction, as Swiss inflation turned negative at -0.1% in May, with the door left open to negative rates.
CBRT Holds Policy Rate at 46.00% After Emergency Tightening to Stabilise the Lira
Turkey's central bank left its policy rate at 46.00% in June 2025, holding firm after an emergency hike enacted to arrest a sharp depreciation of the lira.
Swiss National Bank Cuts Policy Rate to Zero in Sixth Consecutive Reduction
The SNB lowered its policy rate to 0.00% at its June 2025 meeting, reaching the zero lower bound and leaving the door open to negative rates.
Bank of England Holds Bank Rate at 4.25% in June 2025 Amid Renewed Inflation Concerns
The Bank of England's MPC voted to hold Bank Rate at 4.25% in June 2025, citing a jump in UK CPI to 3.5% in April driven by energy price cap increases and signalling caution on further cuts.
Sveriges Riksbank Cuts Policy Rate to 2.00% in June 2025 and Signals Possible Further Easing
Sweden's Riksbank cut its policy rate by 25 basis points to 2.00% in June 2025, resuming its easing cycle as inflation fell to 2.3% and the bank forecast a possible additional cut in H2 2025.