Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Czech National Bank Cuts Two-Week Repo Rate to 4.00% as Easing Cycle Extends
The CNB lowered its two-week repo rate to 4.00%, extending the easing cycle it began in December 2023.
Bank of England Cuts Bank Rate by 25 Basis Points to 4.75%
The MPC voted 8–1 to lower Bank Rate to 4.75%, with CPI at 1.7% below target, though the Autumn Budget is expected to add just under 0.5 percentage points to inflation at its peak.
Brazil's Copom raises Selic rate by 50 basis points to 11.25% as tightening cycle extends
Brazil's central bank unanimously lifted its benchmark rate on 6 November 2024, its second consecutive hike, and said the pace and total size of further tightening would depend on inflation dynamics.
Argentina's BCRA Cuts Monetary Policy Rate to 35% as Cumulative Easing Tracks Inflation Decline
Argentina's central bank reduced its benchmark nominal annual rate from 40% to 35% and its active repo rate from 45% to 40%, its first cut in six months as inflation falls.
Bank of Canada Delivers 50 Basis Point Rate Cut to 3.75% as Inflation Returns to 2% Target
The Bank of Canada cut its policy rate by 50 basis points to 3.75% on 23 October 2024, its largest single reduction in 2024, as inflation fell to 1.6% and excess supply emerged.
People's Bank of China Cuts One-Year and Five-Year Loan Prime Rates by 25 Basis Points Each
The PBoC lowered its one-year LPR to 3.10% and five-year LPR to 3.60% , part of a broader stimulus package.
Central Bank of Egypt Holds Overnight Rates at 27.25%/28.25% for Fourth Consecutive Meeting
The Central Bank of Egypt kept its overnight deposit and lending rates unchanged at 27.25% and 28.25% at its October MPC meeting, as annual urban inflation edged up to 26.4% in September 2024.
ECB Cuts Deposit Rate to 3.25% in Back-to-Back Easing Move Amid Weak Eurozone Outlook
The European Central Bank cut its deposit rate by 25 basis points to 3.25% at its October meeting, a back-to-back reduction as the disinflationary process was judged well on track and activity indicators surprised to the downside.
Central Bank of Türkiye Holds Repo Rate at 50.00% for Sixth Consecutive Meeting
The CBRT kept its one-week repo rate at 50.00% for a sixth straight meeting in October 2024, reaffirming its commitment to disinflation as annual inflation stood at 49.4% in September.
Bank of Thailand Cuts Rate by 25bps to 2.25% in Divided MPC Vote
Thailand's central bank cut its policy rate by 25 basis points to 2.25% in a 5–2 MPC vote, the first reduction since 2020, saying a lower rate would ease debt-servicing burdens for borrowers.
ECB bank lending survey shows business credit standards unchanged in Q3 2024 as housing loan demand rebounds
Euro area banks left standards on loans to firms unchanged for the first time after more than two years of tightening, while net demand for housing loans rose at the fastest pace since 2015.
Bank of Korea Cuts Benchmark Rate to 3.25% in First Easing Move Since 2020
The Bank of Korea lowered its benchmark rate by 25 basis points to 3.25%, its first cut since May 2020.