Monetary policy decisions
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
RBA holds rates at Lowe’s final meeting
Outgoing governor has not ruled out need for further tightening
Israel holds rate, but signals more hikes still possible
Yaron denies report he will not seek new term
Kazakhstan cuts main rate as outlook improves
Governor says inflation should keep falling but fiscal policy or Russian prices could derail forecast
Iceland raises main rate 50bp as inflation persists
Inflation is falling but central bank warns “strong demand pressures” remain
PBoC delivers smaller rate cut than expected
Move signals banks are under strain due to falling interest margins, analysts say
Uruguay accelerates loosening as inflation hits record low
Central bank says monetary policy remains in “restrictive phase”
Norway raises rates and signals further hike is likely
Norges Bank will increase rates in September if forecast is accurate, governor says
RBNZ holds policy rate but revises up projection
Central bank expects rate to stay higher for longer and raises estimate of neutral rate
Uganda cuts rate for first time since 2021
Central bank head refuses to comment on World Bank decision to halt funding
Argentine central bank intervenes after Milei win
BCRA hikes rate 2,100bp and devalues peso after central bank opponent leads primary elections
PBoC cuts key rates as economy stutters
China stops publishing youth jobless rate after record-high figure in June
Bank of Mexico holds rates
Board decides not to follow Chile and Brazil’s rate cuts despite falling inflation
DRC orders huge policy rate rise at unscheduled meeting
Increase is needed to combat accelerating currency depreciation and inflation, MPC says
RBI holds main rate as food prices drive inflation surge
Indian central bank imposes cash ratio on banks as Das says food-driven shock may be temporary
Brazil split decision not a problem for central bank credibility
Central bank voted 5–4 for larger-than-expected cut
Rates round-up: Ukraine cuts rate for first time since invasion
Thailand, Egypt and North Macedonia tighten policy; Georgia joins Ukraine in easing
Brazil makes first rate cut in cycle
Board divides 5–4 over size of reduction, with majority backing larger 50bp option
BoE raises rate 25bp as ‘mixed’ data clouds outlook
“I don’t think it is time to declare it is all over,” Bailey says
Colombian central bank holds rates for second meeting
Board stresses inflation remains higher than in advanced economies and Latin American neighbours
BoJ unlikely to change policy further this year, analysts say
Central bank needs time to review situation after surprise yield curve move
Malawi raises rates as inflation continues climbing
Russia-Ukraine war and adverse weather events exacerbating food inflation