Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank Al-Maghrib holds key rate at 2.25% and projects 4.6% growth for 2025
Morocco's central bank left its benchmark rate unchanged on 24 June 2025, citing a slowdown in inflation, stronger non-agricultural growth and significant uncertainty.
Central Bank of Türkiye holds policy rate at 46% following April tightening
The CBRT kept its one-week repo rate at 46% on 19 June 2025, saying the underlying trend of inflation declined in May and that its tight monetary stance would be maintained.
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 rise in UK CPI inflation to 3.4% in May from 2.6% in March, driven largely by regulated prices and earlier energy price increases and signalling caution on further cuts.
Brazil's Copom Raises Selic to 15.00% and Signals a Pause in Rate Hikes
Brazil's Copom unanimously raised the Selic by 25 basis points to 15.00% at its 18 June meeting, reaching the highest level since July 2006, and signalled it expects to pause hikes and hold rates for a very prolonged period.
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, noting that uncertainty about the outlook had diminished but remained elevated, with no change to balance-sheet policy.
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 CPIF inflation stood at 2.3% and the bank forecast a possible additional cut in H2 2025.
Bank of Japan Holds Policy Rate at 0.50% in June 2025 and Slows Pace of JGB Purchase Cuts
The Bank of Japan kept its policy rate unchanged at 0.50% in June 2025, and decided to slow the pace of its JGB purchase reductions from April 2026.
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, even as its 2025 growth forecast was trimmed to 5.2%.
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, its eighth cut that brings cumulative easing to 200 basis points over 12 months.
BCEAO cuts key policy rate by 25 basis points to 3.25%
The West African central bank lowered its main rate on 4 June 2025, effective 16 June, as first-quarter inflation eased to 2.3%, and projected WAEMU growth of 6.4% for 2025.