Central Banks
Monetary policy decisions, interest rate changes, and central bank communications worldwide.
Central Bank of Nigeria Holds Monetary Policy Rate Unchanged at 306th MPC Meeting in July
The CBN's Monetary Policy Committee held the policy rate and all other parameters unchanged at its 306th meeting, citing 15.91% June inflation and Middle East tensions.
Magyar Nemzeti Bank Cuts Base Rate 25 bp to 5.75% in July, Resuming Easing Cycle
Hungary's central bank trimmed its base rate by 25 basis points to 5.75% effective 22 July, in line with market expectations.
Bank of Korea Raises Base Rate 25 bp to 2.75% in First Hike in Over Three Years
The Bank of Korea lifted its Base Rate by 25 basis points to 2.75%, its first increase in more than three years, matching economists' forecasts.
Bank of Canada Holds Overnight Rate at 2.25% as It Cuts Growth Forecast and Lifts Inflation Projection
The Bank of Canada held its policy rate at 2.25% for a sixth meeting, cutting 2026 growth to 0.7% and raising the inflation forecast to 2.5%.
RBNZ Raises Official Cash Rate 25 bp to 2.50% in July, Flags More Hikes Ahead
The Reserve Bank of New Zealand raised the Official Cash Rate 25 bp to 2.50% in July and signalled further hikes as inflation risks from the Middle East shock linger.
National Bank of Poland Holds Reference Rate at 3.75% in July as MPC Keeps Parameters Unchanged
The National Bank of Poland's MPC kept its reference rate at 3.75% at its July meeting, the fourth consecutive hold since the March 2026 cut.
Mexico's Banco de México Holds Overnight Rate at 6.50% in First Pause of New Cycle
Banco de México held its overnight interbank rate at 6.50% in line with market expectations, its first hold after 14 consecutive cuts.
Bank of Russia Cuts Key Rate 25 bp to 14.25% in June, Continues Gradual Easing Cycle
The Bank of Russia cut its key rate by 25 basis points to 14.25% in June and said it would assess the need for further reductions at coming meetings.
Bank of England Holds Bank Rate at 3.75% as Greene and Pill Dissent for a Hike
The MPC voted 7-2 to keep Bank Rate at 3.75%, with Megan Greene and Huw Pill dissenting for a 25 bp hike as the committee warned inflation could rise later in 2026.
Swiss National Bank Holds SNB Policy Rate at 0% as Oil Nudges Inflation Higher
The SNB kept its policy rate at 0% and signalled greater willingness to intervene in FX markets to counter excessive franc appreciation as inflation edged up to 0.6%.
Bangko Sentral ng Pilipinas Raises Reverse Repo Rate 25 bp to 4.75%
The BSP Monetary Board lifted its target reverse repurchase rate 25 bp to 4.75%, adjusted deposit and lending facilities in step, and shifted its inflation path higher.
Czech National Bank Raises Two-Week Repo Rate 25 bp to 3.75% in First Hike Since 2022
The CNB Bank Board lifted the two-week repo rate to 3.75% effective 19 June, the first Czech interest rate hike since 2022.