Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
National Bank of Ethiopia Holds Policy Rate at 15.00% and Raises Credit Growth Target to 24%
Ethiopia's central bank held its National Bank Rate at 15.00% while lifting the credit growth target for FY 2025/26 from 18% to 24%.
Swiss National Bank Holds Policy Rate at Zero in First Pause After Six Consecutive Cuts
The SNB kept its policy rate at 0.00% at its September 2025 meeting, marking the first hold after six straight reductions, and flagged US tariff risks to Swiss exports.
Riksbank cuts policy rate to 1.75% and signals it will hold for some time
Sweden's central bank lowered its policy rate by 25 basis points to support the recovery, saying the rate is expected to stay at 1.75% for some time if the outlook holds.
Bank of Japan Holds Policy Rate at 0.50% and Approves ETF and J-REIT Disposal Plan
The BoJ left its policy rate unchanged at 0.50% and formally approved a framework for disposing of exchange-traded funds and J-REITs acquired during its quantitative easing era.
Bank of England holds Bank Rate at 4.00% in 7–2 vote as inflation heads for 4% peak
The Monetary Policy Committee kept Bank Rate at 4% with two members favouring a cut, and slowed the pace of gilt stock reduction to £70bn over the next year.
South African Reserve Bank holds repo rate at 7.00% in 4–2 vote as it targets 3% inflation
The SARB kept its repo rate at 7% to assess the impact of 125 basis points of cuts since September 2024, while pressing ahead with plans to adopt a lower 3% inflation target.
Norges Bank cuts policy rate by 25 basis points to 4.00% in cautious easing step
Norway's central bank lowered its policy rate to 4% but raised its projected rate path, saying inflation will stay above target a little longer.
Hong Kong Monetary Authority Cuts Base Rate to 4.50% in Line with Federal Reserve
The HKMA reduced its Base Rate by 25 basis points to 4.50%, automatically following the Federal Reserve's September cut under the Linked Exchange Rate System.
Federal Reserve Cuts Federal Funds Rate by 25 Basis Points to 4.00–4.25% in 11-1 Vote
The FOMC voted 11-1 to cut the federal funds rate to a target range of 4.00–4.25%, citing downside risks to employment; the rate is now at its lowest since December 2022.
Bank of Ghana Cuts Monetary Policy Rate by 350 Basis Points to 21.50% in Accelerated Easing
The Bank of Ghana cut its benchmark policy rate by 350 basis points to 21.50% on 17 September 2025, part of a 650-basis-point cumulative reduction from 28% over two meetings.
Bank of Canada cuts overnight rate by 25 basis points to 2.50% after three consecutive holds
The Bank of Canada resumed easing for the first time since March, citing a weaker economy, job losses and less upside risk to inflation.
ECB holds deposit facility rate at 2.00% for second consecutive meeting and raises 2025 growth forecast
The ECB left its three key rates unchanged on 11 September 2025, as staff lifted their 2025 euro area growth projection to 1.2% from 0.9% and saw inflation close to the 2% target.