25247Nigeria Leaves Interest Rate Unchanged at 14%5/22/2018 6:23:42 PM"The Central Bank of Nigeria left its benchmark interest rate unchanged at 14 percent on May 22nd 2018, as widely expected. The last time policymakers changed rates was in July 2016, when they lifted the monetary rate by 200 bps. The Committee said the decision is consistent with achieving the single-digit inflation target rate. The annual inflation rate fell to 12.48 percent in April from 13.34 percent in March, mainly due to lower prices of food and non-alcoholic beverages."NigeriaInterest RateNigeriaIntRate/nigeria/interest-rate
25228Brazil Unexpectedly Holds Key Rate5/17/2018 3:31:24 PM"The Central Bank of Brazil kept its key Selic rate unchanged at 6.50 percent on 16 May 2018 following a 25-bps slash on 21 March 2018. The hold, unanimously voted, surprised markets who expected a 25bps decline and ended eleven straight cuts, keeping borrowing costs at the lowest in modern history amid below-target inflation and a gradually improving economy, albeit recent setbacks."BrazilInterest RateBZSTSETA/brazil/interest-rate
25234Indonesia Hikes Key Rate for First Time since 20145/17/2018 2:51:53 PM"The central bank of Indonesia rose its benchmark 7-day reverse repo rate by 25bps to 4.5 percent on May 17th 2018, in line with market expectations. It is the first rate hike since November 2014, as Bank Indonesia tries to maintain economic stability amid a falling rupiah, escalating risks in the global financial market and global liquidity downturn. Policymakers added they will continue to implement stabilization measures in line with the rupiah’s fundamental value, suggesting further tightening could be necessary if the rupiah keeps falling."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
25221Thailand Holds Policy Interest Rate at 1.5%5/16/2018 8:04:00 AM"The Bank of Thailand voted unanimously to maintain its one-day repurchase rate at 1.5 percent on May 16th, saying that the current monetary policy stance continued to support economic growth while inflation is expected to rise slowly."ThailandInterest RateBTRR1DAY/thailand/interest-rate
25193Philippines Hikes Key Rate for 1st Time since 20145/10/2018 11:46:28 AM"The Philippines central bank raised its overnight reverse repurchase (RRP) facility by 25bps to 3.25 percent on May 10th, 2018, in line with market expectations. It is the first rate hike since September 2014, as the central bank tries to contain inflationary pressures. The corresponding interest rates on the overnight lending and deposit facilities were also raised accordingly."PhilippinesInterest RatePhilippinesIntRate/philippines/interest-rate
25192BoE Holds Key Interest Rate at 0.5%5/10/2018 11:31:20 AM"The Bank of England voted by seven to two to keep the Bank Rate at 0.5 percent on May 10th, due to a sharp slowdown in GDP growth in the first quarter. Still, policymakers noted that wage growth and domestic cost pressures are firming gradually while CPI inflation is projected to fall back slightly more quickly than previously estimated. The bank also said that the recent weakness in data had been consistent with a temporary soft patch, suggesting an August rate hike is still on the table."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
25188Malaysia Holds Key Interest Rate at 3.25%5/10/2018 7:08:38 AM"The Central Bank of Malaysia held its benchmark interest rate at 3.25 percent on May 10th, 2018, as widely expected, saying the current monetary policy stance remains accommodative to support growth amid lower inflation."MalaysiaInterest RateMAOPRATE/malaysia/interest-rate
25183New Zealand Leaves Interest Rate at 1.75%5/9/2018 9:09:25 PM"The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on 10 May 2018, as widely expected. The central bank last moved the key rate in November of 2016. Policymakers underscored that consumer price inflation remains below the 2 percent mid-point of the central bank target due, in part, to recent low food and import price inflation, and subdued wage pressures. They also mentioned that the direction of the next move is equally balanced, up or down. Consumer prices in New Zealand increased 1.1 percent year-on-year in the first three months of 2018 following a 1.6 percent increase in the previous quarter, matching market expectations. It was the slowest inflation since the third quarter of 2016."New ZealandInterest RateNZOCRS/new-zealand/interest-rate
25165Chile Leaves Monetary Policy Unchanged5/3/2018 9:27:17 PM"The Central Bank of Chile held its benchmark interest rate at 2.50 percent on May 3rd 2018, in line with market expectations. Policymakers said that inflation is seen low during most of 2018, to then advance more robustly toward the target during next year. The central bank expects to keep the monetary stimulus at its current level until inflation converges towards 3 percent. In March, the inflation eased to 1.8 percent from 2 percent in February."ChileInterest RateCHOVCHOV/chile/interest-rate
25156Fed Leaves Rates on Hold5/2/2018 6:01:55 PM"The Federal Reserve left its target range for the federal funds rate steady at 1.5-1.75 percent during its May 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen, economic activity has been rising at a moderate rate and both inflation and core inflation have moved close to 2%, suggesting a June rate hike is on the table."United StatesInterest RateFDTR/united-states/interest-rate
25146Australia Holds Cash Rate at 1.5%5/1/2018 7:17:54 AM"The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent at its May meeting, as widely expected. Policymakers said that the economy is projected to grow a bit above 3 percent in 2018 and 2019 supported by positive business conditions and stronger growth in exports, while the outlook for household consumption remains a continuing source of uncertainty due to high debt levels."AustraliaInterest RateRBATCTR/australia/interest-rate
25129Russia Holds Key Interest Rate at 7.25%4/27/2018 10:42:55 AM"The Bank of Russia held its benchmark one-week repo rate at 7.25 percent on April 27th, following five consecutive cuts, saying that a weaker ruble amid geopolitical tensions will boost inflation. Still, policymakers agreed that there are no risks of inflation overshooting the bank's 4 percent target. The bank also reiterated that monetary policy will become neutral in 2018 and that inflation is expected to be 3-4 percent in late 2018 and to remain close to 4 percent in 2019."RussiaInterest RateRREFRATE/russia/interest-rate
25119"BoJ Holds Policy Steady, Removes Inflation Target Date"4/27/2018 5:30:31 AM"The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its April 2018 meeting, as expected. Policymakers also kept its target for 10-year government bond yield around zero percent but dropped their target date for reaching 2 percent inflation."JapanInterest RateBOJDTR/japan/interest-rate
25113ECB Holds Rates as Expected4/26/2018 12:52:02 PM"The ECB held its benchmark refinancing rate at 0 percent on April 26th as expected, and reaffirmed that the net asset purchases are intended to run at a monthly pace of €30 billion until the end of September, or beyond, if necessary."Euro AreaInterest RateEURR002W/euro-area/interest-rate
25110Sweden Holds Key Interest Rate at -0.5%4/26/2018 7:38:08 AM"The central bank of Sweden held its benchmark interest rate at -0.5 percent on April 26th, as widely expected, saying underlying inflation has been somewhat lower than expected recently, which raises questions regarding the strength of the development in inflation. Also, the central bank added that the repo rate will begin to increase towards the end of the year, which is somewhat later than previously forecast."SwedenInterest RateSWRRATEI/sweden/interest-rate
25107Turkey Leaves Key Rate at 8%4/25/2018 11:16:07 AM"The central bank of Turkey left its key one-week repo rate steady at 8 percent on April 25th 2018, in line with market expectations. The overnight lending rate was also kept at 9.25 percent and the overnight borrowing rate at 7.25 percent. In contrast, the late liquidity window rate was raised by 75bps to 13.5 percent, more than forecasts of a 50bps hike. Policymakers said the economy activity remains strong while high inflation continues to pose risks. As a result, tight monetary policy will be maintained until the inflation outlook improves."TurkeyInterest RateTUIBON/turkey/interest-rate
25094Indonesia Leaves Monetary Policy Unchanged4/19/2018 2:21:42 PM"The central bank of Indonesia left its benchmark 7-day reverse repo rate unchanged at 4.25 percent for the seventh straight meeting on April 19th 2018, in line with market expectations. Policymakers said the current policy stance is consistent with efforts to maintain macroeconomic and financial stability amid rising external pressures."IndonesiaInterest RateIDBIRATE/articles/04192018142142.htm
25089Canada Leaves Key Rate Steady at 1.25%4/18/2018 2:13:33 PM"The Bank of Canada held its overnight rate at 1.25 percent on April 18th 2018, in line with market expectations. Policymakers said the transitory impact of higher gasoline prices and recent minimum wage increases will likely cause inflation in 2018 to be modestly higher than expected and the economy is projected to operate slightly above its potential over the next three years. As a result, the central bank sees higher interest rates over time, although some monetary policy accommodation will still be needed to keep inflation on target. The Bank Rate is correspondingly 1.5 percent and the deposit rate is 1 percent."CanadaInterest RateCCLR/canada/interest-rate
25062"ECB Worries Over Euro Strength, Trade War Risk"4/12/2018 1:22:14 PM"ECB members considered that a strong euro may weigh on inflation outlook and that developments in foreign exchange markets continued to be a significant source of uncertainty, minutes from the ECB's March meeting showed. Also, policymakers voiced concerns over geopolitical tensions, the risk of increased trade protectionism and the unclear impact of the United Kingdom’s withdrawal from the EU."Euro AreaInterest RateEURR002W/articles/04122018132025.htm
25054South Korea Holds Key Policy Rate at 1.5%4/12/2018 5:46:15 AM"The Bank of Korea left its base rate steady at 1.5 percent on April 12th, as expected, saying inflationary pressures on the demand side will not be high for the time being, while the economy is expected to continue its solid growth. Also, policymakers mentioned that they will carefully monitor trade tensions, any changes in the monetary policies of major countries and the trend of increase in household debt."South KoreaInterest RateKORP7DR/south-korea/interest-rate