Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank of Canada holds overnight rate at 2.75% as US tariff uncertainty persists and core inflation firms
The Bank of Canada kept its policy rate unchanged on 4 June 2025, citing still-high uncertainty over US trade policy and some unexpected firmness in recent inflation data.
South African Reserve Bank Cuts Repo Rate by 25 Basis Points to 7.25%
The SARB's MPC cut the repo rate by 25 basis points to 7.25%, citing contained inflation at 2.8% and the need to support economic growth in South Africa.
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.
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.
Central Bank of Nigeria Holds Monetary Policy Rate at 27.50% for Second Consecutive Meeting
Nigeria's MPC held its benchmark rate at 27.50% for the second meeting in a row.
People's Bank of China Cuts Benchmark Lending Rates to Counter US Tariff Shock
The PBoC reduced the 1-year LPR to 3.00% and the 5-year LPR to 3.50% following the PBoC's 7 May package of monetary easing measures to offset the impact of US tariffs.
Reserve Bank of Australia Cuts Cash Rate to 3.85% in Second Easing of the Cycle
The RBA lowered its cash rate by 25 basis points to 3.85%, citing easing inflationary pressures and flagging global trade uncertainty as a key downside risk to growth.
People's Bank of China Cuts Reserve Requirement Ratio by 50 Basis Points, Releasing ¥1 Trillion
The People's Bank of China cut the reserve requirement ratio by 50 basis points effective 15 May 2025, its first RRR reduction of the year, releasing approximately ¥1 trillion into the banking system.
Bank Negara Malaysia cuts statutory reserve requirement to 1%, releasing RM19 billion of liquidity
The central bank halved the SRR ratio with effect from 16 May 2025 while holding the overnight policy rate at 3%, stressing the move was a liquidity measure rather than a policy signal.
Bank of England Cuts Rate to 4.25% in Split 5–4 Vote as US Tariffs Cloud UK Growth Outlook
The Bank of England's MPC voted 5–4 to cut Bank Rate to 4.25% on 8 May 2025, citing US tariff drag on UK growth while emphasising a gradual and careful easing path.
People's Bank of China Cuts 7-Day Reverse Repo Rate to 1.40% in Coordinated Stimulus Package
The PBoC reduced its 7-day reverse repurchase rate from 1.50% to 1.40% as part of a coordinated stimulus package announced amid escalating trade war pressures.
National Bank of Poland cuts reference rate by 50bp to 5.25% in first cut since 2023
Poland's Monetary Policy Council lowered the benchmark rate from 5.75%, citing lower inflation, slowing wage growth and weaker economic activity data.