Monetary policy decisions
Vanuatu holds rates and forecasts continued economic recovery
Pacific island nation’s central bank says reconstruction efforts, tourism, to drive economy
Uruguay holds rates at 5.75% for third time in a row
BCU says there is no evidence of significant second-round effects from energy supply shock
Samoa to leave policy unchanged over coming year
Central bank expects inflation to rise temporarily due to effects of Iran war
Colombia resumes rate hikes in first post-election decision
Analyst says 75bp hike may be attempt by Banrep to compensate for April’s ‘compromise hold’
Jamaica holds rates at 5.5%
Central bank expects headline and core inflation to breach upper range of its 4–6% target
Banxico holds rates at 6.5% in end to easing cycle
Board says inflationary risks remain ‘tilted to the upside’, despite recent easing of price pressures
Paraguay holds rates at 5.5% for fourth time
Central bank expects inflation to remain below 3.5% target over the coming months
Thailand holds with an eye on GDP
BoT says impact of Iran war less severe than expected but growth still ‘low and uneven’
Hungary cuts by 25bp, signals more easing to come
Central bank says households’ inflation expectations have declined ‘significantly’ in recent months
China holds LPRs for 13th consecutive month
Decision comes after governor says ‘slower, more efficient credit growth’ may be new normal
Brazil cuts rates to 14.25% despite worsening inflation
Copom forecasts 5.2% price growth for 2026 and 3.7% by end of 2027
Switzerland and Norway hold, Czech Republic and Moldova hike
SNB says inflation uptick is temporary, while CNB and Norges Bank highlight wage pressures
BoE holds interest rates at 3.75%
Governor says he would respond ‘promptly’ to stronger second-round effects of Iran war
Philippines and Indonesia tighten by 25bp
BSP says inflation ‘strong’ as BI’s focus remains on rupiah
Chile holds rates for fourth time in a row
Policy-makers say balance of risks to inflation is shifting towards equilibrium
Riksbank holds, but keeps option to hike on the table
Updated forecast builds on assumption that oil supply will begin to normalise ‘in the near term’
BoJ tightens to 1% and plans end to JGB purchase reductions
Governor absent as bank sets policy at 31-year high amid inflation risks driven by Iran war
RBA holds policy and says inflation is ‘too high’
Australian governor hawkish amid concerns of embedded inflation expectations
Peru holds rates amid too-close-to-call election
BCRP says effects of supply shocks that drove inflation will dissipate
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
BI offers more support for rupiah with off-cycle rate hike
Bank plans measures to attract foreign investors to its debt as currency performs worse than expected
Nicaragua holds rates for fifth consecutive occasion
Central bank expects ‘low and stable’ inflation despite uncertain geopolitical environment
Sarb hikes interest rates for first time in three years
MPC split, though governor says this was more about timing than direction of travel
BoK holds as Shin signals rate hikes to come
Governor says tech growth to outweigh drag of Middle East conflict