Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Sveriges Riksbank Cuts Policy Rate to 3.75%, First Reduction Since 2016
Sweden's Riksbank has cut its policy rate by 25 basis points to 3.75%, delivering its first rate reduction since 2016, with CPIF inflation at 2.2% approaching the 2% target.
Reserve Bank of Australia holds cash rate at 4.35%, says inflation falling more slowly than expected
The RBA Board left rates unchanged on 7 May 2024, warned that services inflation was easing only gradually and repeated that it was not ruling anything in or out.
Argentina's BCRA Cuts Monetary Policy Rate and Adjusts Reserves in May 2024 Easing Move
The Banco Central de la República Argentina reduced its policy rate and adjusted minimum reserve requirements in May 2024, as part of efforts to phase out the central bank's remunerated liabilities.
Saudi Central Bank SAMA Holds Repo Rate at 6.00% as US Federal Reserve Maintains Its Pause
SAMA kept its repo rate at 6.00%, mirroring the US Federal Reserve's hold and reflecting the kingdom's currency peg to the dollar amid Saudi inflation of around 1.6%.
Federal Reserve Holds Rate at 5.25–5.50% and Slows Quantitative Tightening in May 2024
The FOMC kept its policy rate unchanged and cut its monthly Treasury runoff cap from $60bn to $25bn.
Bank of Japan Holds Rate at 0.0–0.1% in April 2024 as Yen Slides to Multi-Decade Lows
The BoJ kept its policy rate unchanged following March's exit from negative rates, even as the yen fell to its weakest levels in decades.
Bank Indonesia Raises Policy Rate by 25 Basis Points to 6.25% to Defend Rupiah
Bank Indonesia delivered a surprise 25 basis point rate hike to 6.25% in April 2024, acting to defend the rupiah after the currency weakened past 16,200 per US dollar.
Monetary Authority of Singapore Holds SGD NEER Policy Settings Amid Elevated Core Inflation
The MAS kept the slope, width, and mid-point of its Singapore dollar NEER band unchanged in April 2024, with core inflation still running above 3% in early 2024.
ECB Holds Deposit Rate at 4.00% in April 2024 and Signals Possible June Cut
The ECB kept its deposit rate at 4.00% and President Lagarde said wage data was being monitored closely, prompting markets to raise bets on a rate cut at the June meeting.
Bank of Canada Holds Rate at 5.00% in April 2024 Alongside Quarterly Monetary Policy Report
The Bank of Canada kept its overnight rate at 5.00% and projected inflation would move below 2.5% in the second half of 2024 and reach 2% in 2025, publishing its quarterly Monetary Policy Report alongside the decision.
Bank of Israel Holds Interest Rate at 4.50% Amid Wartime Economic Pressures
The Bank of Israel held its benchmark interest rate at 4.50% in April 2024.
Reserve Bank of India Holds Repo Rate at 6.50% for Seventh Consecutive Meeting
The RBI kept its repo rate at 6.50% for a seventh straight meeting, maintaining its withdrawal-of-accommodation stance as CPI inflation stood at 5.1% in February 2024.