Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Reserve Bank of India Holds Repo Rate at 6.50% but Cuts Cash Reserve Ratio by 50 Basis Points
The RBI kept its benchmark repo rate at 6.50% while cutting the cash reserve ratio by 50bp to inject ₹1.16 trillion of liquidity into the banking system.
Argentina's BCRA Cuts Monetary Policy Rate to 32% From 35%
The Banco Central de la República Argentina has reduced its nominal annual rate from 35% to 32%, the latest in a series of cuts since President Milei assumed office in December 2023.
Kenya's central bank cuts CBR by 75 basis points to 11.25% in third 2024 reduction
The Central Bank of Kenya lowered its benchmark rate to 11.25% from 12.00% on 5 December 2024, citing low inflation and slower growth, and urged banks to pass on lower rates.
BCEAO holds main policy rate at 3.50% as WAEMU inflation stays above target
The Central Bank of West African States kept its main rate at 3.50% on 4 December 2024, with WAEMU inflation at 4.1% in the third quarter, above its 1–3% target range.
Bank of Ghana holds monetary policy rate at 27% as inflation pressures stall disinflation
The Bank of Ghana's MPC kept its policy rate unchanged on 29 November 2024 after inflation rose to 22.1% in October, citing food prices, earlier cedi depreciation and fuel and utility tariff adjustments.
South Korea's Bank of Korea Cuts Base Rate by 25 Basis Points to 3.00%
The Bank of Korea lowered its base rate to 3.00% in a second consecutive cut, citing a softening growth outlook for South Korea.
New Zealand's Reserve Bank Cuts Official Cash Rate by 50 Basis Points to 4.25%
The RBNZ delivered a third consecutive rate cut, lowering the OCR to 4.25% and signalling further easing toward about 3.5% by end-2025.
South African Reserve Bank Cuts Repo Rate by 25 Basis Points to 7.75% in Second Consecutive Reduction
The SARB lowered South Africa's repo rate to 7.75% for the second meeting running, with headline inflation at 2.8%, below the 3–6% target range.
Central Bank of the UAE Cuts Base Rate by 25 Basis Points to 4.65% Following Fed Move
The Central Bank of the UAE reduced its base rate by 25 basis points to 4.65% on 7 November 2024, tracking the Federal Reserve's cut as UAE non-oil GDP growth continues above 4%.
Saudi Central Bank SAMA Cuts Repo Rate by 25 Basis Points to 5.25% Following Fed
SAMA reduced its repo rate to 5.25%, tracking the US Federal Reserve's 25bp cut, and lowered its reverse repo rate to 4.75%.
US Federal Reserve Cuts Federal Funds Rate by 25 Basis Points to 4.50–4.75% in Unanimous FOMC Vote
The FOMC unanimously voted to reduce the federal funds rate by 25 basis points to a target range of 4.50–4.75% at its November 2024 meeting, two days after the US presidential election.
Sweden's Riksbank Accelerates Easing With 50 Basis Point Cut to 2.75%
The Riksbank doubled its usual easing increment with a 50bp cut to 2.75% and signalled further cuts in December and during the first half of 2025 if the outlook holds.