Monetary policy decisions
Bank of Israel delays rate hike as Covid-19 cases rise
MPC says it will continue with accommodative policy despite GDP growth and on-target inflation
Fed may taper asset purchases this year, say FOMC minutes
Federal Reserve staff warn US financial system has “notable” vulnerabilities
Norges Bank signals September rate hike
Norweigan central bank stresses long period of low rates increases financial stability risks
Covid case halts RBNZ rate hike plans
Central bank had been expected to raise rates but lockdowns signal further uncertainty
Uruguay raises policy rate 50 basis points
Move is first time central bank has raised rates since readopting a policy rate last year
Uganda’s growth unlikely to return to pre-pandemic levels until 2024
Central bank governor says tourism sector has been hit by Covid containment measures
Peru hikes policy rates as inflation exceeds target
Central bank says policy is still expansionary stance as real rates stay at -3.3%
Bank of Mexico continues tightening with split vote
Governor stresses central bank needs to be cautious as inflation rises above target
RBI promises policy support ‘as long as necessary’ despite inflation surge
Inflation breaches tolerance band but governor says economy now “in a much better position”
CNB continues tightening cycle with 25bp hike
Board opts for additional hike as forecasts point to short-term inflation surge
Brazil accelerates tightening cycle with 100bp rate hike
Central bank takes key policy rate to 5.25%, as inflation increased by 8.4% in June
BoE on hold as inflation looks set to soar to 4%
Committee hints at need for “modest tightening” soon, but says asset purchase programme will not unwind until interest rates reach 0.5%
Armenia and Georgia raise policy rates
Caucasus states follow Russia in anti-inflationary moves
Bank of Thailand holds main rate in split vote
Growth forecast dives again as Thailand battles Covid-19 surge
Moldova raises interest rates 100bp
Central bank cites “persistent” inflationary pressures, though rate is below target
Fed launches standing repo facilities
Facilities to be open to foreign central banks and domestic primary dealers; FOMC keeps policy on hold
South Korea aiming for rate hike as growth recovers
BoK to discuss rate hike in next policy meeting, but quarterly GDP figure shows some weakness
Kazakhstan raises rates as inflation climbs
Central bank warns inflation could still rise further, a similar issue to neighbouring Russia
Bank of Russia increases policy rate 100bp
Central bank announces fourth rate hike of year amid rising inflation expectations
ECB reinforces commitment to monetary stimulus
Central bank expects inflation to reach 2% “durably”, midway through its projection horizon
Belarus raises interest rates 75 basis points
National Bank orders second hike of the year to combat inflation
Chile’s central bank starts tightening cycle
Board votes to increase rates by 25bp amid rapid recovery and above-target inflation
Bank of Canada continues taper
Central bank reduces QE by one-third to $2 billion weekly, but keeps interest rates stable
RBNZ calls halt to quantitative easing
Central bank has bought considerably less than its NZ$100 billion limit