Monetary policy decisions
Central Bank of West African States eases policy by 25bp
BCEAO says negative inflation prompted decision, but expects prices to rise in 2026
Hungary eases policy for first time since September 2024
Governor insists central bank is ‘not starting a rate cutting cycle’
Bank Indonesia holds rates again to defend currency
Weak rupiah to delay rate cuts as ratings downgrade weighs on investor appetite, analyst says
RBNZ holds rates at 2.25% in new governor’s first meeting
Analysts expect central bank to maintain accommodative policy for some time
Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
Zambia cuts rates by 75bp to 13.5%
Inflation expected to fall to within target range by next quarter, central bank governor says
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March
Colombia shocks markets with 100bp rates hike
First tightening in nearly three years comes after government announces 23% rise in minimum wage
MAS holds policy while warning of potential AI-related shocks
Singapore’s central bank increases inflation estimates and predicts resilient growth
Sveriges Riksbank holds rates, signals longer-term pause
Swedish economy continues to grow, despite ‘dramatic’ geopolitical developments, bank says
South African central bank holds rates in split decision
Sarb stays cautious as country continues to adjust towards new 3% inflation target
Brazil holds rates again but signals easing at next meeting
BCB may cut by half point in March as forward guidance is ‘explicitly dovish’, analyst says
BoC holds as governor says Fed independence affects Canada
Analysts disagree over underlying strength of country’s economy
Chile holds rates at 4.5%
BCCh in no rush to cut but says inflation likely to undershoot previous forecast in short term
Uruguay slashes rates by 100bp to 6.5%
Peso gains against dollar as central bank tweaks meeting schedule to allow ‘necessary flexibility’
BNM holds policy and points to positive economic outlook
Malaysian central bank keeps rates at 2.75% and expects domestic growth momentum to continue
BI holds rates amid renewed concerns over its independence
Indonesian central bank says keeping rates at 4.75% will stabilise rupiah and encourage growth
China leaves benchmark lending rates unchanged
One-year LPR stays at 3% and five-year rate remains at 3.5% following easing via structural tools
BoK leaves policy rate unchanged
Economists predict South Korean central bank will hold at 2.5% for remainder of year