Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank of Tanzania raises central bank rate to 6% to guard against global inflation pressures
The central bank lifted its policy rate from 5.5% for the second quarter of 2024, even though inflation averaged 3.0% in the first quarter, within its target.
Central Bank of Kenya holds rate at 13.00% as inflation eases to 5.7%
The Monetary Policy Committee left the Central Bank Rate unchanged after February's 50 basis point increase, citing lower inflation and a stronger shilling.
Fed Governor Waller says there is still no rush to cut US interest rates
In a speech at the Economic Club of New York, Waller said disappointing inflation data justified holding rates at a restrictive level for longer than previously thought.
Central Bank of Nigeria Raises Monetary Policy Rate by 200 Basis Points to 24.75%
The CBN has raised Nigeria's monetary policy rate by 200 basis points to 24.75%, a record high, and narrowed the asymmetric corridor.
Bank of Ghana holds monetary policy rate at 29% as disinflation slows
The central bank kept its benchmark rate unchanged after January's 100 basis point cut, saying risks to the inflation outlook were slightly on the upside.
Norges Bank Holds Policy Rate at 4.50%, Signals First Cut in September 2024
Norway's central bank kept its benchmark rate at 4.50% and indicated it expects to begin easing later this year.
Banxico Cuts Mexico Overnight Rate by 25 Basis Points to 11.00% in First Reduction Since 2021
Banco de México cut its overnight rate to 11.00% in a 4-1 vote, marking Mexico's first monetary easing step since 2021 amid declining inflation.
Swiss National Bank Cuts Policy Rate by 25 Basis Points to 1.50%, Becoming First Major Central Bank to Ease in 2024
The SNB cut its policy rate to 1.50% on 21 March 2024, the first G10 central bank to reduce borrowing costs this year, as Swiss inflation fell to 1.2% — below the 2% ceiling.
Bank of England Holds Bank Rate at 5.25% as Hawkish Dissents Fade in March 2024
The MPC voted 8-1 to keep rates unchanged as two former hawks switched to hold.
Czech National Bank Cuts Two-Week Repo Rate by 50 Basis Points to 5.75%
The CNB reduced its benchmark rate to 5.75% as inflation fell to its 2% target, continuing its easing cycle.
Brazil's Copom cuts Selic rate to 10.75% and signals one more half-point reduction
The central bank's committee unanimously lowered the Selic by 50 basis points and narrowed its forward guidance to a single meeting, citing heightened uncertainty and the need for greater flexibility.
Federal Reserve Holds US Rate at 5.25–5.50%, Maintains Projection of Three Cuts in 2024
The FOMC voted unanimously to keep rates unchanged and its latest projections still pointed to three quarter-point reductions before year-end.