Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Czech National Bank Holds Two-Week Repo Rate at 3.75% in August After June Hike
The Czech National Bank kept its two-week repo rate at 3.75%, pausing after delivering the first hike of the cycle since 2022 at its previous meeting.
India's Reserve Bank Holds Repo Rate at 5.25% for Fourth Consecutive Meeting
The Reserve Bank of India kept its repo rate unchanged at 5.25% and retained a neutral stance in a unanimous decision at the August 2026 Monetary Policy Committee meeting.
Japan's Bank of Japan Holds Policy Rate at 1.0% With Takata Dissenting for 1.25% Hike
The BoJ kept its overnight call rate guideline at around 1.0% by an 8-1 vote, with Takata Hajime proposing a 25 bp hike to around 1.25%.
Banco Central do Brasil Cuts Selic Rate 25 bp to 14.00% as Copom Extends Easing Cycle
Brazil's Copom cut the Selic rate by 25 basis points to 14.00% on Wednesday, the fourth consecutive reduction, while warning that risks to inflation remain elevated.
Bank of England Holds Bank Rate at 3.75% in July as Three MPC Members Vote for Hike
The Bank of England kept Bank Rate at 3.75% in July on a 6-3 vote, with Greene, Mann and Pill dissenting for a 25 bp hike as CPI eased to 2.6%.
Federal Reserve Holds Federal Funds Rate at 3.50–3.75% as Three Regional Presidents Dissent for a Hike
The Fed left its target range at 3.50–3.75% on Wednesday in a 9-3 vote, with Hammack, Kashkari and Logan preferring a 25 bp hike to guard against sticky inflation.
Central Bank of Chile Holds Monetary Policy Rate at 4.5% Unanimously in July
The Central Bank of Chile kept its policy rate at 4.5% on Tuesday in a unanimous vote, the fifth consecutive meeting without a change as inflation ran above target.
Bank of Russia Cuts Key Rate 25 bp to 14.00% in July, Extending Easing Cycle
The Bank of Russia trimmed its key rate to 14.00%, effective 27 July, and forecast annual inflation of 6.0-7.0% in 2026, returning to 4.0% in 2027.
European Central Bank Keeps Deposit Rate at 2.25% in July but Leaves Door Open to September Hike
The ECB held its deposit facility rate at 2.25% in a decision Lagarde called unanimous, while continuing to monitor the Middle East energy shock.
Türkiye's Central Bank Holds One-Week Repo Rate at 37% Amid Geopolitical Escalation
The CBRT held the one-week repo rate at 37% in July, keeping the overnight lending rate at 40% for a fifth consecutive month of funding through that facility.
South African Reserve Bank Holds Repo Rate at 7.00% in Split 4-2 MPC Vote
The SARB held the repo rate at 7.00% on a 4-2 vote, with two members preferring a 25 bp hike as inflation reached 5.0% in June, above the 3% target.
Bank Indonesia Holds BI-Rate at 5.75% in July After Successive Hikes
Bank Indonesia kept its BI-Rate at 5.75% and left the Deposit and Lending Facility rates unchanged after its 21-22 July Board meeting.