Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Sweden's Riksbank Cuts Policy Rate to 2.25% in January 2025 as Inflation Returns to Target
Sweden's Riksbank lowered its policy rate by 25 basis points to 2.25%, continuing a gradual easing cycle as inflation returned close to the 2% target and growth remained subdued.
Bank of Ghana holds monetary policy rate at 27% at first MPC meeting under Mahama government
Governor Ernest Addison said inflation remained elevated because of food prices, but the latest forecasts showed a return to the disinflation path.
Monetary Authority of Singapore Eases S$NEER Band Slope in First Policy Relaxation Since 2020
The MAS slightly reduced the slope of its Singapore dollar nominal effective exchange rate policy band, the first easing of monetary policy since 2020, as core inflation eased to around 2%.
Bank of Japan Raises Policy Rate to 0.5%, Highest Since 2008, on Wage and Inflation Progress
The Bank of Japan raised its overnight call rate target to 0.5% in January 2025, the highest level since the 2008 financial crisis, in an 8-1 Policy Board decision.
Turkey's Central Bank Cuts Benchmark Rate by 250 Basis Points to 45% in First 2025 Easing Move
Turkey's central bank cut its one-week repo rate by 250 basis points to 45% on 23 January 2025, saying its tight monetary stance was strengthening the disinflation process, after annual CPI fell to 44.38% in December 2024.
People's Bank of China holds loan prime rates steady for third consecutive month in January 2025
The one-year LPR stayed at 3.10% and the five-year LPR at 3.60% at the 20 January fixing, leaving both benchmarks where the October 2024 cut had put them.
Argentina's BCRA Slows Crawling Peg Depreciation Rate to 1% Per Month
The Banco Central de la República Argentina reduced the monthly crawling peg rate from 2% to 1%, citing the consolidation of lower inflation and expectations of further disinflation.
Bank Indonesia unexpectedly cuts policy rate to 5.75% to support growth
The central bank lowered the BI-Rate by 25 basis points on 15 January 2025, its first cut since September 2024, saying the timing was right to support economic growth.
Bank of Israel holds rate at 4.50% as inflation and war-related uncertainty persist
The Monetary Committee kept the policy rate unchanged on 6 January 2025, with annual inflation at 3.4%, above the target range, and staff estimating 2024 growth at just 0.6%.
ECB Ends PEPP Reinvestments in January 2025, Shrinking Its Balance Sheet Further
The European Central Bank has fully discontinued reinvestments under its Pandemic Emergency Purchase Programme from January 2025.
Turkey's Central Bank Cuts Policy Rate by 250 Basis Points to 47.5%, Starting Easing Cycle
Turkey's central bank cut its policy rate from 50% to 47.5% on 26 December 2024, opening an easing cycle after a tightening drive that took the rate from 8.5% in June 2023 to 50% in March 2024.
People's Bank of China Holds Loan Prime Rates Steady in December 2024 After October Reductions
The PBoC held the one-year LPR at 3.10% and the five-year LPR at 3.60% in December 2024, pausing its easing after reducing both rates in October.