Monetary policy decisions
Bank Indonesia resumes tightening to stabilise currency
Central bank to issue FX-denominated notes to attract capital inflows
Argentina raises policy rate to 133% as crisis deepens
Presidential candidate Milei says peso worth less than ‘excrement’
Peru and Uruguay cut rates again
Peru’s central bank says growth forecasts are gloomy, but Uruguay hints at end to cuts
Iceland holds rates for first time in over two years
Inflation is rising, but MPC holds until new forecast comes in
RBNZ continues to hold policy rate
MPC suggests the rate will stay put for some time
Colombian and Caribbean central banks hold rates
Colombian board ignores government’s call for cut, while Jamaica and Dominican Republic also hold
RBA continues to hold rates under new governor
‘Some further tightening of monetary policy may be required,’ Bullock says
Mexico and Guatemala continue to hold rates
Inflation is still falling, but Banxico expects rates will stay high for some time
BoT unexpectedly raises policy rate by 25bp
Central bank cut inflation and growth forecasts for 2023, but raises next year’s projections
BoJ leaders divided on wage growth and timing of tightening
July minutes show disagreement over when firms will raise wages
Ghanaian MPC holds rates while Guinea opts for 50bp rise
Addison says Ghana’s growth will outstrip IMF forecast but reserves remain extremely low
South Africa and Egypt both hold policy rates
Sarb governor says job of fighting inflation “is not yet done”
Colombian policy-makers clash over rates
Finance minister wants “very small” rate cut, but central bank board member disagrees
BoJ keeps negative rates unchanged
Ueda says more time is needed to assess whether rising wages are supporting inflation
Riksbank and Norges Bank continue increasing rates
Swedish central bank hikes rates to 4%, Norwegian to 4.25%
Latin America roundup: Brazil makes second 50bp rate cut
Paraguay eases rates down, while Costa Rica holds as negative inflation continues
Bank of England pauses for first time since December 2021
MPC votes 5–4 to halt cycle amid slowing inflation and a sluggish economy
SNB surprises markets by holding rates at 1.75%
Swiss central bank to allow all banks to use mortgages as collateral to access liquidity
Asian central banks hold rates
Philippines, Indonesia, Taiwan and Hong Kong stay put
Peru’s central bank makes first rate cut since pandemic
Central bank joins Brazil and Chile in easing policy as inflation falls
ECB raises rates to all-time high of 4%
Lagarde says “solid majority” supported raise but says some members opposed it
West African central bank raises rates as crises continue
Authorities cite “rising uncertainties at regional level” and reduced aid after wave of coups
Freeland welcomes Bank of Canada rate pause
Finance minister qualifies statement as other politicians attack monetary policy
Chile continues rate cuts
Central bank lowers policy rate as economy shows signs of slowing