Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Norges Bank holds policy rate at 4.5% and says it will likely stay there for some time
Norway's central bank kept its policy rate at 4.5% on 25 January 2024, saying a tight stance would be needed for some time but that it could cut earlier than planned if the economy slowed more sharply.
Bank of Canada Holds Overnight Rate at 5.00% and Signals No Imminent Cuts
The Bank of Canada kept its benchmark rate at 5.00% in January 2024, with the Governing Council signalling it is not yet ready to consider easing with CPI inflation at 3.4% in December.
Bank of Japan Holds Negative Policy Rate at -0.10% Pending Wage Growth Evidence
The BoJ maintained its -0.10% policy rate and yield curve control framework, saying it needs to see sustained wage growth before any shift in its ultra-loose stance.
Narodowy Bank Polski Holds Reference Rate at 5.75% Amid Persistent Core Inflation Above 6%
Poland's NBP kept its reference rate at 5.75% on 9 January 2024, with Governor Adam Glapinski saying future decisions would depend on incoming data and on the government's decisions on energy prices and VAT on food.
Bank of Israel cuts interest rate by 25 basis points to 4.50%
Israel's Monetary Committee made its first rate cut since April 2020, citing moderating inflation and the war's impact on economic activity and financial markets.
Argentina's BCRA cuts policy rate to 100% and scraps LELIQ notes as Milei government takes office
Argentina's central bank lowered its benchmark rate from 133% to 100% and replaced 28-day LELIQ liquidity notes with one-day repos as its main tool for absorbing surplus pesos.