Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Reserve Bank of India Cuts Repo Rate to 6.25% in First Reduction Since May 2020
The RBI cut its policy repo rate by 25 basis points to 6.25% at its February 2025 MPC meeting, marking the first reduction in nearly five years as inflation eased.
Mexico's Banxico Cuts Overnight Rate by 50 Basis Points to 9.50% in February 2025
Banco de México cut its overnight interbank rate by 50 basis points to 9.50%, with the board voting 4-1 in favour of the larger cut as the easing cycle that began in 2024 continued.
Bank of England Cuts Bank Rate to 4.50% in First Reduction of 2025 as Growth Forecast Is Halved
The Bank of England's MPC voted 7-2 to cut Bank Rate by 25 basis points to 4.50%, halving its 2025 UK GDP growth forecast to 0.75%.
Bank of Uganda holds Central Bank Rate at 9.75% as inflation edges higher
Uganda's central bank kept its policy rate unchanged in February 2025, citing a cautious approach as headline and core inflation rose in January and global uncertainty persisted.
Czech National Bank Cuts Two-Week Repo Rate by 25 Basis Points to 3.75% Following Winter 2025 Forecast
The Czech National Bank reduced its two-week repo rate by 25 basis points to 3.75% on 5 February 2025, with its Winter 2025 forecast projecting stable rates from mid-year.
Central Bank of Kenya Cuts Policy Rate to 10.75% in Fourth Consecutive Reduction
The Central Bank of Kenya cut its Central Bank Rate by 50 basis points to 10.75%, the fourth consecutive reduction, and lowered the cash reserve ratio to 3.25%, as the MPC sought to boost private sector credit growth.
Argentina's BCRA Cuts Monetary Policy Rate to 29% from 32%
Argentina's BCRA cut its monetary policy rate by 300bp to 29% from 32%, the latest in a series of reductions since President Milei took office in December 2023.
European Central Bank Cuts Deposit Rate to 2.75% at January 2025 Meeting
The ECB reduced its deposit rate by 25 basis points to 2.75% at its January 2025 meeting, its fifth cut since June 2024, as the economy continued to face headwinds.
South African Reserve Bank Cuts Repo Rate to 7.50% in Third Consecutive Reduction
The SARB trimmed its repo rate by 25 basis points to 7.50%, its third successive cut since September 2024, bringing cumulative easing to 75 basis points.
Brazil's Copom Raises Selic Rate by 100 Basis Points to 13.25% and Signals Another Hike in March
Brazil's Copom unanimously raised the Selic rate by 100bp to 13.25% and maintained guidance for a further 100bp increase at its March 2025 meeting.
Federal Reserve Holds Rate at 4.25–4.50% in January 2025, Pausing Easing Cycle
The Fed unanimously held its benchmark rate at 4.25–4.50% in January 2025, with Chair Powell saying policymakers were in no hurry to adjust policy amid elevated inflation.
Bank of Canada Cuts Overnight Rate by 25 Basis Points to 3.00% Amid US Tariff Uncertainty
The Bank of Canada lowered its overnight rate to 3.00%, citing inflation around 2% and excess supply in the economy, while warning that the threat of US tariffs clouded the outlook.