News Category: Monetary Policy

• 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...
• 24-Jul-23 Ghana: BoG unexpectedly raises rates in July

  At its meeting on 19–21 July, the Monetary Policy Committee of the Bank of Ghana (BoG) increased its monetary policy...
• 21-Jul-23 Russia: Central Bank hikes policy rate in July

  At its meeting on 21 July, the Central Bank of the Russian Federation (CBR) hiked its key policy rate by...
• 20-Jul-23 South Africa: SARB holds fire in July but warns tightening cycle is not over

  At its 18–20 July meeting, the Monetary Policy Committee of the South African Reserve Bank (SARB) maintained the repurchase rate...
• 20-Jul-23 Turkey: Central Bank hikes again in July

  On 20 July, the Central Bank of the Republic of Turkey (CBRT) decided to increase the one-week repo rate to...