Search

At the latest U.S. Federal Reserve meeting on July 30-31, the central bank held its (https://www.kiplinger.com/investing/what-is-the-federal-funds-rate) federal funds rate steady at a 23-year high of 5.25%-5.50% – just as it [...]

Monetary policy is managed by the Banque des Etats de l'Afrique centrale (BEAC, the central bank of the six member countries of the Communauté économique et monétaire de l'Afrique centrale, [...]

Given concerns about shekel weakness and the consequent impact on inflation abating, and the war precipitating a sharp contraction in domestic demand in late 2023, the BOI began its loosening [...]

The Federal Reserve made the widely expected move of leaving (https://www.kiplinger.com/economic-forecasts/interest-rates) interest rates unchanged at a 23-year high on Wednesday, but experts say easing inflation and a softer labor market [...]

We forecast that the State Bank of Vietnam (SBV, the central bank) will maintain the key policy interest rate, the benchmark refinancing rate, at 4.5% for the remainder of 2024, [...]

We believe that a slowing in the economy-with consumers reducing their spending, real wage gains decelerating and the number of new jobs gradually falling-points to the Federal Reserve (Fed, the [...]

The French Pacific franc has been pegged to the euro at about CFPfr119.3:EUR1 since 1999, and the peg will remain in place during the forecast period. The ECB has begun [...]

The South African Reserve Bank (SARB, the central bank) kept the benchmark repo rate at a 15-year high of 8.25% in May, marking a sixth consecutive hold, which leaves the [...]

After loosening the policy rate by 100 basis points in January, the Bank of Ghana (BoG, the central bank) kept the policy interest rate unchanged at 29% at its latest [...]

Given the Qatari riyal's peg to the US dollar, we expect the Qatar Central Bank to take interest-rate changes announced by the Federal Reserve (Fed, the US central bank) closely [...]

The Bank of England (BoE, the central bank) has kept the policy interest rate steady since September 2023 at 5.25%, after 14 consecutive rises. The headline inflation rate has now [...]

Stubborn consumer price inflation means that the Reserve Bank of Australia (RBA, the central bank) will keep its policy interest rate, the official cash rate (OCR), elevated at 4.35% until [...]

The SNB's decision to cut rates in March 2024 (the first developed market central bank to do so) put initial downward pressure on the currency, but this has eased, as [...]

The Monetary Authority of Singapore (MAS, the central bank) uses the exchange rate as its monetary policy lever. It will intervene heavily in currency markets to maintain exchange-rate stability (within [...]

On June 6th the Central Bank of Kenya (CBK) kept the policy interest rate on hold at 13%, an 11-year high, after a 50-basis-point increase in February and a hefty [...]

The Central Bank of Armenia (CBA) lowered its interest rate on June 11th 2024 by 25 basis points from 8.25% to 8%. This is the ninth rate cut since the [...]

Eswatini's monetary policy will remain heavily influenced by that of the South African Reserve Bank (SARB, South Africa's central bank), the policy rate of which can be seen as a [...]

We believe that the Banco Central de Costa Rica (BCCR, the central bank) is approaching the end of its monetary-loosening cycle, having taken 425 basis points from its policy rate [...]

Political and economic outlook Azerbaijan is an emerging economy with a large oil and gas sector. Diversification efforts have been slow, and only incremental progress will be made in the [...]

The loti will remain pegged at parity to the South African rand over the forecast period and beyond. The Federal Reserve (the US central bank) will begin to ease US [...]

El Salvador's economy is fully dollarised, imposing constraints on policymaking more broadly, as the Banco Central de Reserva de El Salvador (BCR, the central bank) has no independent monetary policy. [...]

As Panama lacks a central bank and has a dollarised system, US monetary developments have the greatest influence on domestic interest rates. We expect the Federal Reserve (Fed, the US [...]

The koruna depreciated to Kc25:EUR1 following the 50-basis-point cut by the CNB on June 27th, owing to a narrower interest rate spread with the European Central Bank (ECB) policy rate. [...]

The Czech National Bank (CNB, the central bank) cut its official interest rate by 225 basis points between December 2023 and June 2024, to 4.75%. The most recent 50-basis-point cut [...]

The Hong Kong dollar is pegged to its US counterpart within a range of HK$7.75-7.85:US$1. This means that local policy interest rates are determined by the actions of the Federal [...]

With the rupiah depreciating and a delay in monetary easing by the Federal Reserve (Fed, the US central bank), Bank Indonesia (BI, the central bank) raised its policy rate to [...]

The European Central Bank (ECB) cut its key policy rates by 25 basis points at its latest monetary policy meeting, on June 6th, after raising them by 450 basis points [...]

Following a surprise rate increase in March 2024, we expect the Central Bank of the Republic of China (Taiwan), or CBC, to keep its benchmark interest rate on hold (at [...]

At its latest monetary policy meeting, on June 6th, the European Central Bank (ECB) cut interest rates by 25 basis points-the first reduction after a series of rate increases totalling [...]

Responsibility for setting interest rates shifted from the Croatian National Bank (the central bank) to the European Central Bank (ECB) at the start of 2023. Croatia joined the euro zone [...]

At its latest monetary policy meeting, on June 6th, the European Central Bank (ECB) cut interest rates by 25 basis points after rate increases totalling 450 basis points between July [...]

Political and economic outlook Pakistan is a lower middle-income economy with chronic imbalances on its fiscal and external accounts. Concerns about political stability, domestic security and weakness in economic fundamentals [...]

We forecast that the next monetary policy move by the National Bank of Romania (NBR, the central bank) will be to slowly cut interest rates, beginning some time late in [...]

Given concerns about shekel weakness and the consequent impact on inflation abating, and the war precipitating a sharp contraction in domestic demand in late 2023, the BOI began its loosening [...]

Monetary policy will broadly track that of the Federal Reserve (the Fed, the US central bank), as the Kuwaiti dinar is pegged to a basket of currencies dominated by the [...]

The yen will remain weak against the US dollar until late 2024, as we now expect the Federal Reserve (the US central bank) to begin to cut rates only in [...]

The National Bank of Serbia (NBS, the central bank) runs an inflation-targeting monetary policy, with a headline inflation target on a three-year horizon of 3% (±1.5 percentage points). Its main [...]

The European Central Bank (ECB) cut its key policy rates by 25 basis points at its latest monetary policy meeting, on June 6th, after raising them by 450 basis points [...]

(https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgETy-o8HKVdEYqpfUjw-A0z4K8TKCxkrrfc8IJDia9V0HlBGidgovRz_SxKkm5tHJkm3H71CTqnF6WeW8WNq-H4zxtQ6IadKeklBX3UL2efwuN5B8IUHoQUgxDz6VML55zurq0jJCTefjzg-7KoKGWQGM1_tvIfaiWVQ9i-cMLYQQphz9yMs0aHxQC93XV/s813/Thurs%201.png) Overview: The US dollar is trading higher against all the G10 currencies today but the Norwegian krone. Norway's central bank left policy on hold and warned that if the [...]

The European Central Bank (ECB) cut its interest rates for the first time at its meeting on June 6th, after raising them by 450 basis points since July 2022. The [...]

The Federal Reserve made the widely expected move of leaving (https://www.kiplinger.com/economic-forecasts/interest-rates) interest rates at a 23-year high on Wednesday and signaled just one quarter-point cut for the remainder of the [...]

In a bid to temper inflation, in mid-May the Bank of Zambia (BoZ, the central bank) increased the main policy rate by 100 basis points, to 13.5%. The policy rate [...]

We forecast that the local currency, the dong, will weaken against the US dollar in 2024 to about D24,800:US$1 at year-end, from D24,255:US$1 at end-2023. The value of the local [...]

We forecast that the State Bank of Vietnam (SBV, the central bank) will maintain the key policy interest rate, the benchmark refinancing rate, at 4.5% until end-2024, carefully balancing the [...]

A sharp slowdown in inflation, weak economic activity and a strong koruna paved the way for the Czech National Bank (CNB, the central bank) to cut its official interest rate [...]

Since January the Bank of Tanzania (BoT, the central bank) has operated an interest-rate-based monetary policy framework, under which it uses the central bank rate (CBR) as its main monetary [...]

The South African Reserve Bank (SARB, the central bank) kept the benchmark repo rate at a 15-year high of 8.25% in May, marking a sixth consecutive hold, which leaves the [...]

The Central Bank of Uzbekistan (CBU) is working towards transitioning to inflation-targeting as a primary mandate. However, the effectiveness of monetary policy is hampered by the weak level of financial [...]

At its latest monetary policy meeting, on June 6th, the European Central Bank (ECB) lowered interest rates by 25 basis points after ten consecutive rate increases totalling 450 basis points. [...]

The Monetary Authority of Singapore (MAS, the central bank) uses the exchange rate as its monetary policy lever and will intervene heavily in currency markets to maintain exchange-rate stability (within [...]