Monetary policy decisions
Costa Rica and Paraguay whittle away at rates
Both countries make 25bp cuts as inflation falls
Chile continues lowering rates, despite weakening peso
Central bank also halts reserves accumulation, citing market turmoil
Bank of Canada holds policy rate again at 5%
Central bank suggesting rates will stay high as inflation remains strong
ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
Turkey continues rate increases for fifth straight month
Central bank wants Turkey on a ‘disinflation course’ in 2024
Philippine central bank delivers off-cycle rate hike
Governor Remolona said high inflation expectations were ‘very worrisome’
Hungary continues loosening as inflation falls towards 10%
MNB cuts base rate by 75 basis points
Macklem warns Canadian politicians against rates lobbying
Governor says politicians’ letters could suggest ‘operational independence is at risk’
Bank of Israel holds rate as Gaza conflict continues
Central bank stresses Israeli economy remains stable, but predicts increased deficits
Bank of Korea continues rate pause
Central bank cites ‘uncertainties’ in deciding to hold
Chile central bank acknowledges ‘very important depreciation’
Issue will feature at next week’s monetary policy meeting
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