Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Bank of Thailand Holds Policy Rate at 2.50% Despite Government Pressure for Cut
Thailand's central bank kept its benchmark rate unchanged at 2.50%, resisting calls from the government for easing in a 5–2 vote, with two members favouring a cut.
Central Bank of Kenya raises rate to 13.00% as shilling weakens and inflation stays above target midpoint
Kenya's Monetary Policy Committee lifted the Central Bank Rate by 50 basis points from 12.50%, taking borrowing costs to their highest level since 2012 as it sought to anchor inflation and support the shilling.
Reserve Bank of Australia Holds Cash Rate at 4.35% Amid Persistent Inflation Concerns
The RBA kept its cash rate at 4.35% in February 2024, retaining a mild tightening bias as inflation continued to run above the 2–3% target band.
Bank of England Holds Bank Rate at 5.25% on a Split Three-Way Vote
The Bank of England's MPC voted 6–3 to keep the Bank Rate at 5.25%, with one member seeking a cut and two calling for a further hike.
Sveriges Riksbank Holds Policy Rate at 4.00% and Signals Possible Cut in First Half of 2024
Sweden's Riksbank held its key rate at 4.00% in February 2024 but opened the door to a cut as early as the first half of the year after CPIF inflation fell to 2.3% in December, approaching the 2% target.
Central Bank of the UAE Holds Base Rate at 5.40% Mirroring Federal Reserve Decision
The Central Bank of the UAE maintained the Overnight Deposit Facility rate at 5.40% after the Federal Reserve's hold.
US Federal Reserve Holds Rates at 5.25%–5.50% as FOMC Signals No Early Cut
The Federal Open Market Committee left its target range unchanged for a fourth consecutive meeting and pushed back on market expectations of a March cut, tying any easing to greater confidence that inflation is returning sustainably to 2%.
Brazil's Copom Cuts Selic Rate by 50 Basis Points to 11.25% in Fifth Consecutive Reduction
Brazil's Copom unanimously reduced the Selic rate to 11.25%, the fifth consecutive 50 bp cut since the easing cycle began in August 2023.
Bank of Ghana cuts monetary policy rate by 100 basis points to 29% in January 2024
Ghana's central bank made its first cut to the policy rate after holding it at 30% since July 2023, citing a fall of more than 30 percentage points in headline inflation over 2023.
Central Bank of the Republic of Türkiye Raises One-Week Repo Rate by 250 Basis Points to 45.00%
The CBRT lifted its one-week repo rate to 45.00%, continuing its orthodox tightening campaign as annual inflation remains above 60%.
European Central Bank Holds Key Rates Steady as Lagarde Pushes Back on Rate-Cut Speculation
The Governing Council left the deposit facility rate at a record 4.00% and maintained its data-dependent stance, with President Christine Lagarde declining to validate market pricing of early rate cuts.
South African Reserve Bank Holds Repo Rate at 8.25% at January 2024 MPC Meeting
The SARB kept its repo rate at 8.25%, saying policy was restrictive and consistent with the inflation outlook, with headline CPI at 5.1% in December, inside the 3–6% target band.