Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Federal Reserve Holds US Benchmark Rate at 4.25–4.50% in Unanimous June 2025 Decision
The FOMC voted unanimously 12-0 to hold the federal funds rate at 4.25–4.50% in June 2025, maintaining patience amid elevated uncertainty with no change to balance-sheet policy.
Brazil's Copom Raises Selic to 15.00% and Signals an Extended Hold at the Cycle Peak
Brazil's Copom raised the Selic by 25 basis points to 15.00% at its June meeting, reaching the highest level since July 2006, and signalled a prolonged hold at the peak.
Bank Al-Maghrib Holds Key Policy Rate at 2.50% as Morocco's Economy Grows 3.2% in Q1
Bank Al-Maghrib kept its key rate unchanged at 2.50%, judging that existing monetary stimulus continues to transmit through the Moroccan economy amid 3.2% GDP growth in Q1 2025.
Bank of Japan Holds Policy Rate at 0.50% at June 2025 Meeting as Wage Growth Holds Firm
The Bank of Japan kept its policy rate unchanged at 0.50% in June 2025, citing solid wage growth above 2% and maintaining a bias towards gradual monetary tightening.
BCEAO Holds Key Policy Rate at 3.00% Amid Global Trade Uncertainty
The BCEAO held its key rate at 3.00% at its June 2025 meeting, citing global trade uncertainty, while projecting WAEMU GDP growth of 6.2% for 2025.
Central Bank of Kenya Cuts Rate to 9.75%, Returning to Single Digits for First Time Since 2023
The Central Bank of Kenya lowered its central bank rate to 9.75% in June 2025, marking the first time the policy rate has been in single digits since May 2023, as growth forecasts were revised upward.
Federal Reserve Chair Powell Signals Wait-and-See Stance at ECB Forum in Sintra
Fed Chair Jerome Powell told the ECB Forum in Sintra that the Federal Reserve will wait for greater tariff clarity before acting, offering no timeline for a rate change.
Reserve Bank of India Cuts Repo Rate by 50 Basis Points to 5.50%, Accelerating 2025 Easing Cycle
The Reserve Bank of India delivered a larger-than-usual 50 basis point cut on 6 June 2025, lowering the repo rate to 5.50% as inflation fell to around 3.2%, bringing total 2025 easing to 100bp.
ECB Cuts Deposit Rate to 2.00%, Completing 200 Basis Points of Easing Since June 2024
The European Central Bank reduced its deposit facility rate to 2.00% on 5 June 2025, an eighth consecutive cut that brings cumulative easing to 200 basis points over 12 months.
Bank of Canada Holds Overnight Rate at 2.75% Citing Easing Trade Tensions and On-Target Core Inflation
The Bank of Canada kept its overnight rate at 2.75% in June 2025, citing a US-Canada tariff truce and core inflation at the midpoint of its target range as grounds for holding steady.
Central Bank of Egypt Cuts Deposit Rate to 24.00% in Second Successive Reduction
The CBE reduced its overnight deposit rate by 100 basis points to 24.00%, marking the second consecutive cut as Egypt's disinflation trend continues.
Bank of Ghana Holds Monetary Policy Rate at 28.00% to Consolidate Disinflation
Bank of Ghana's MPC voted unanimously to hold the monetary policy rate at 28.00% in May 2025, maintaining tight policy as CPI continues to decline from elevated levels.