News Category: Monetary Policy

• 31-Jul-23 Dominican Republic: Central Bank pauses loosening cycle at July meeting

  At its meeting on 31 July, the Central Bank of the Dominican Republic (BCRD) paused its loosening cycle and stood...
• 28-Jul-23 Japan: BOJ surprises markets by loosening cap on bond yields in July

  At its 28 July meeting, the Bank of Japan (BOJ) kept its target for the 10-year government bond yield at...
• 28-Jul-23 Chile: Central Bank slashes rates in July

  At its 28 July meeting, the board of the Central Bank of Chile (BCCh) decided to cut the monetary policy...
• 27-Jul-23 Euro Area: ECB delivers another 25 basis point hike in July but strikes more dovish tone

  At its 27 July meeting, the European Central Bank (ECB) hiked the main refinancing operations rate, the marginal lending facility...
• 27-Jul-23 Ukraine: NBU initiates monetary policy easing earlier than expected

  At its 27 July meeting, the National Bank of Ukraine (NBU) cut its key policy rate by 300 basis points...
• 26-Jul-23 Costa Rica: Central Bank cuts policy rate by 50 basis points in July

  At its 26 July meeting, the Central Bank of Costa Rica (BCCR) cut the policy rate by 50 basis points...
• 26-Jul-23 United States: Fed hikes rates as expected in July

  At the meeting on 25–26 July, the Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis...
• 25-Jul-23 Hungary: MNB narrows interest rate corridor again in July

  At its 25 July meeting, the Monetary Council of the Hungarian National Bank (MNB) left its base rate unchanged at...
• 25-Jul-23 Indonesia: Central Bank stands pat again in July

  At its monetary policy meeting on 24–25 July, Bank Indonesia (BI) left the seven-day reverse repo rate unchanged at 5.75%...
• 25-Jul-23 Nigeria: Central Bank slows pace of hiking in July

  At its 24–25 July meeting—the first under acting Governor Folashodun Shonubi—the Monetary Policy Committee (MPC) of the Central Bank of...