Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Reserve Bank of New Zealand Cuts Official Cash Rate by 50 Basis Points to 4.75%
The RBNZ has cut its Official Cash Rate by 50 basis points to 4.75%, accelerating its easing cycle as annual inflation returned to its 1–3% target band.
Reserve Bank of India Holds Repo Rate at 6.50% Amid Global Easing Cycle
The Reserve Bank of India has kept its repo rate at 6.50% and changed its stance to neutral, citing elevated food inflation as a reason for caution despite global monetary easing trends.
Central Bank of Kenya Cuts CBR by 75 Basis Points to 12.00% as Inflation Holds Low
Kenya's Monetary Policy Committee has cut the Central Bank Rate by 75 basis points to 12.00%, citing low inflation and the need to support slowing economic activity.
Bank of Uganda cuts Central Bank Rate by 25 basis points to 9.75%
The Bank of Uganda lowered its policy rate in October 2024, its second consecutive cut, as headline inflation slowed to 3.0% and was expected to stay below the 5% target in the near term.
Swiss National Bank Cuts Policy Rate to 1.00% in Third Consecutive Reduction of 2024
The SNB lowered its benchmark rate by 25 basis points to 1.00%, citing easing inflation and a persistently strong Swiss franc.
Sveriges Riksbank Cuts Policy Rate by 25 Basis Points to 3.25% in Third Reduction of 2024
Sweden's Riksbank lowered its policy rate to 3.25% in its third cut of the year and projected further reductions ahead as inflation continued to ease towards target.
People's Bank of China Announces RRR Cut and Mortgage Rate Reduction in Broad Stimulus Package
PBoC Governor Pan announced a 50bp reserve requirement ratio cut releasing CNY 1 trillion, a 50bp mortgage rate reduction, and a CNY 500bn swap facility for securities firms, funds and insurers.
BEAC holds Central African key rate at 5.00% as inflation stays above regional norm
The Bank of Central African States left its rates unchanged on 23 September 2024, projecting CEMAC inflation of 4.2% for 2024 and a return to the 3% community norm in 2025.
Bank of Japan Holds Policy Rate at 0.25% in September 2024, Stressing Data Dependency
The Bank of Japan kept its policy rate unchanged at 0.25% in September 2024, with Governor Ueda citing the need for more clarity on the US economic outlook.
Bank of Mauritius cuts Key Rate by 50 basis points to 4.00%
The Bank of Mauritius MPC unanimously lowered its policy rate from 4.50% on 20 September 2024, saying well-entrenched disinflation created space for a lower rate as inflation fell to 4.0%.
Norges Bank holds policy rate at 4.50% and signals first cut in early 2025
Norway's central bank kept its policy rate at 4.5% on 19 September 2024 and said it would most likely stay there until the end of the year before being gradually lowered from the first quarter of 2025.
Central Bank of Kuwait Cuts Discount Rate by 25 Basis Points to 4.00% in First Easing Since 2020
The CBK cut its discount rate to 4.00% on 18 September 2024, effective 19 September, the first reduction since 2020, citing the end of the global tightening cycle and its own assessment of domestic economic conditions.