Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Reserve Bank of India Cuts Repo Rate to 6.0% and Shifts Stance to Accommodative Amid US Tariff Headwinds
The RBI cut its repo rate by 25 basis points to 6.0% and adopted an accommodative stance, signalling further easing as India confronts a 26% US tariff on its exports.
Reserve Bank of New Zealand cuts OCR to 3.50%, flags scope for further cuts as tariff risks rise
The RBNZ lowered the OCR by 25 basis points, saying higher global trade barriers weaken the outlook and that it has scope to ease further as the effect of tariff policies becomes clearer.
Central Bank of Kenya cuts benchmark rate to 10.00% in fifth consecutive reduction
Kenya's Monetary Policy Committee lowered the Central Bank Rate by 75 basis points from 10.75% and narrowed the interest rate corridor, citing inflation below the midpoint of its target range.
Fed's Kugler backs holding rates as tariff concerns push up inflation expectations
Federal Reserve Governor Adriana Kugler said on 2 April 2025 that rising inflation expectations and stalled disinflation support keeping the federal funds rate at 4.25–4.50% while upside risks persist.
Australia's RBA Holds Cash Rate at 4.10% Amid US Tariff Uncertainty
The Reserve Bank of Australia kept its cash rate at 4.10% at its April 2025 meeting, pausing after its first cut and citing US tariffs as a source of uncertainty.
Norges Bank holds policy rate at 4.5% and signals cut likely in the course of 2025
Norges Bank left its policy rate at 4.5 per cent on 27 March 2025, delaying a previously signalled cut after inflation rose more than expected, but said the rate would most likely be reduced during 2025.
Swiss National Bank Cuts Policy Rate to 0.25% in Fifth Consecutive Reduction
The SNB reduced its policy rate by 25 basis points to 0.25% at its March 2025 quarterly assessment, its fifth consecutive cut, citing low inflationary pressure and heightened downside risks to inflation.
South African Reserve Bank Holds Repo Rate at 7.50% as Global Tariff Uncertainty Weighs on Outlook
The SARB's MPC kept South Africa's repo rate at 7.50%, flagging elevated risk from US tariffs while calling for a cautious policy approach.
Bank of England Holds Bank Rate at 4.50% Amid Global Trade Uncertainty
The Bank of England kept its benchmark rate at 4.50%, maintaining a gradual approach to easing as US tariff policy clouded the global outlook.
Sveriges Riksbank holds policy rate at 2.25% and expects it to stay at that level
Sweden's central bank left its policy rate unchanged on 20 March 2025, saying higher-than-expected inflation was temporary and that its rate forecast was unchanged since December.
Brazil's Copom Raises Selic Rate 100 Basis Points to 14.25%, Highest Level Since 2016
Brazil's Copom unanimously hiked the Selic rate by 100 basis points to 14.25% on 19 March 2025, the highest level since 2016, and signalled a smaller increase at the next meeting.
Bank of Japan Holds Policy Rate at 0.50% as Global Tariff Uncertainty Warrants Caution
The Bank of Japan held its policy rate at 0.50% on 19 March 2025, by unanimous vote, citing high uncertainty over trade and other policies, including US tariffs.