27888Nigeria Holds Interest Rate Steady at 13.5%5/21/2019 4:17:52 PM"The Central Bank of Nigeria left its benchmark interest rate steady at 13.5% on May 21st 2019, as widely expected, following a surprise 0.5 percentage point cut at the previous meeting. The decision came as headline inflation edged up to 11.37% in April from 11.25% in the prior month, moving further above the bank's target range of 6%-9%. Policymakers also mentioned that growth remains fragile as economy expanded only 2.01% in Q1 2019 compared to 2.38% in the prior quarter, amid a slump in the country's oil sector."NigeriaInterest RateNigeriaIntRate/nigeria/interest-rate
27870Indonesia Leaves Rate Steady as Expected5/16/2019 9:47:11 AM"Bank Indonesia left its benchmark 7-day reverse repo rate unchanged at 6 percent on May 16th 2019, as widely expected. Policymakers said the decision is consistent with efforts to maintain the external stability of the Indonesian economy amid uncertainty over the increasing global financial market. The lending and the deposit facility rates were also left steady at 6.75 percent and 5.25 percent respectively."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
27836Chile Holds Interest Rate at 3%5/10/2019 9:40:38 AM"The Central Bank of Chile held its benchmark interest rate at 3 percent at its May 9th 2019 meeting, as widely expected. The decision was unanimous. Policymakers said that the inflation outlook requires keeping the monetary stimulus for an extended period of time. The Committee added that they will continue to conduct monetary policy with flexibility so the inflation rate stands at 3 percent over the next two years."ChileInterest RateCHOVCHOV/chile/interest-rate
27830Philippines Cuts Key Rate by 25 Bps to 4.5%5/9/2019 10:24:15 AM"The central bank of the Philippines lowered its key overnight reverse repurchase facility rate by 25bps to 4.5 percent on its May 5th 2019 meeting, as widely expected. It is the first rate cut since May 2016, reversing 175 bps rate hikes last year. Policymakers said that the decision remains consistent with the price stability objective and added that the risks to the inflation outlook are broadly balanced. The Committee noted the impact of the budget delays on near-term economic activity and said that prospects for domestic demand remain firm."PhilippinesInterest RatePhilippinesIntRate/philippines/interest-rate
27825Brazil Leaves Monetary Policy Unchanged5/9/2019 9:33:47 AM"The Central Bank of Brazil voted unanimously to hold its key Selic rate at a record low of 6.50 percent on May 8th 2019, as widely expected. Policymakers said that the decision is consistent with the convergence of inflation to the target range and will continue to depend on the evolution of economic activity, inflation outlook and balance of risks. The Committee added that developments of the reform agenda will affect current expectations and macroeconomic projections."BrazilInterest RateBZSTSETA/brazil/interest-rate
27821Thailand Holds Policy Rate at 1.75%5/8/2019 8:11:36 AM"The Bank of Thailand left its policy rate unchanged at 1.75 percent on its May 5th 2019 meeting, as widely expected. Policymakers said that the current accommodating monetary policy stance remains appropriate and would continue to monitor developments of economic growth, inflation, financial stability, and risks associated with it. The Committee noted that the economy is growing at a softer pace than expected and inflation is expected to be around the lower bound of the target range. The annual inflation rate fell slightly to 1.23 percent in April from 1.24 percent in March, amid a slowdown in cost of food and non-alcoholic beverages and housing."ThailandInterest RateBTRR1DAY/thailand/interest-rate
27818New Zealand Cuts Rate to Fresh Record Low of 1.5%5/8/2019 4:18:49 AM"The Reserve Bank of New Zealand lowered its official cash rate/OCR by 25 bps to a new record low of 1.5 percent at its May 2019 meeting, as widely expected. It was the first rate cut since November 2016, saying it is necessary to support the outlook for employment and inflation consistent with its policy remit amid slower global economic growth. Policymakers added that a lower path for the cash rate over the forecast period was appropriate and reflected the economic projections and the balance of risks."New ZealandInterest RateNZOCRS/new-zealand/interest-rate
27814Australia Leaves Monetary Policy Unchanged5/7/2019 10:40:29 AM"The Reserve Bank of Australia kept the cash rate at a record low of 1.5 percent at its May meeting, extending record period of policy inaction and defying speculation that it may ease monetary policy following a lower-than-expected inflation rate in the first quarter of the year. Policymakers were confident 2019 headline inflation would be around 2 percent supported by the recent increase in oil prices, while the underlying inflation is projected to be around 1.75 percent in 2019 and 2 percent in 2020. The Committee added that there was still spare capacity in the economy and that a further improvement in the labour market was likely to be needed for inflation to be consistent with the target."AustraliaInterest RateRBATCTR/australia/interest-rate
27799BoE Still Plans to Raise Rates5/2/2019 11:50:07 AM"The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its May policy meeting and reaffirmed its pledge to gradual and limited rate rises over the forecast period, despite the slowdown in global growth and ongoing Brexit uncertainties."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
27796"Fed Holds Rates as Expected, Reaffirms Patience Approach"5/1/2019 6:22:41 PM"The Federal Reserve kept the target range for the federal funds rate at 2.25 percent to 2.25 percent during its May meeting, saying that economic activity has been rising at a solid rate and that labour market remains strong. The Committee also reaffirmed its position to be patient about further policy firming."United StatesInterest RateFDTR/united-states/interest-rate
27766"Russia Holds Rates, Signals Future Cuts"4/26/2019 10:57:58 AM"The Bank of Russia held its benchmark one-week repo rate at 7.75 percent during its April meeting, as widely expected, saying inflation started to slow after hitting a two-year high in March. Policymakers also said that the decision to hike rates in September and December were sufficient to curb the effects of one-off pro-inflationary factors and that there is a possibility of turning to cutting the key rate in Q2-Q3 2019. The bank expects annual inflation to return to 4 percent in the first half of 2020."RussiaInterest RateRREFRATE/russia/interest-rate
27756"BoJ Holds Rates, Revises Forward Guidance"4/25/2019 12:25:38 PM"The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its April meeting and kept the target for the 10-year government bond yield at around zero percent, as widely expected. The Committee said it intends to keep the current extremely low levels of short-term and long-term interest rates for an extended period of time, at least through around Spring 2020, taking into account uncertainties regarding economic activity and prices including developments in overseas economies and the effects of the scheduled consumption tax hike."JapanInterest RateBOJDTR/japan/interest-rate
27760Turkey Leaves Policy Rate Unchanged at 24%4/25/2019 11:04:03 AM"The Central Bank of Turkey left its one-week repo auction rate unchanged at 24 percent on April 25th 2019, as widely expected. Policymakers said that they will continue to use all available instruments in pursuit of the price stability objective. The Committee noted an improvement in inflation indicators, still factors including higher import and food prices and the elevated course of inflation expectations point to continued risks to price stability. The country's annual inflation rate rose to 19.71 percent in March from a six-month low of 19.67 percent in February, way above the central bank's midpoint target of 5 percent."TurkeyInterest RateTUIBON/turkey/interest-rate
27757Sweden Holds Key Rate at -0.25%4/25/2019 8:39:16 AM"The central bank of Sweden left its key repo rate steady at -0.25 percent on April 25th 2019, in line with market expectations. Policymakers said the strong economic activity in Sweden indicates that inflation will remain close to 2 percent in the coming years but inflationary pressures are slightly weaker than expected. Also, the central bank delayed the next rate hike to the end of the year or to the beginning of next year and added rate rises thereafter are expected at a slower pace. In February, policymakers projected to raise rates in the second half of 2019."SwedenInterest RateSWRRATEI/sweden/interest-rate
27758Indonesia Leaves Monetary Policy Unchanged4/25/2019 7:59:28 AM"Bank Indonesia left its benchmark 7-day reverse repo rate unchanged at 6 percent on April 25th 2019, as widely expected. Policymaker said that the decision is consistent with efforts to strengthen the external stability of the Indonesian economy. The lending and the deposit facility rates were also left steady at 6.75 percent and 5.25 percent respectively."IndonesiaInterest RateIDBIRATE/articles/04252019075928.htm
27753Canada Holds Interest Rate at 1.75%4/24/2019 2:03:17 PM"The Bank of Canada held its benchmark interest rate at 1.75 percent on April 24th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that an accommodative policy interest rate continues to be warranted. The Committee added that they will be evaluating the appropriate degree of monetary policy accommodation depending on developments, which include household spending, oil markets, and global trade policy. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively."CanadaInterest RateCCLR/canada/interest-rate
27736"South Korea Holds Rates, Lowers Outlook Forecasts"4/18/2019 9:22:24 AM"The Bank of Korea kept its base rate unchanged at 1.75 percent on April 18th 2019, as widely expected. Policymakers reiterated domestic economy will continue to grow at a rate that does not diverge significantly from its potential level and inflationary pressures on the demand side will not be high. That said, amid rising global headwinds and softening exports, the Bank of Korea lowered its economic growth forecast for 2019 to 2.5 percent from an earlier estimate of 2.6 percent made in January."South KoreaInterest RateKORP7DR/south-korea/interest-rate
27698"Fed Reaffirms ""Patient"" Approach on Rates"4/10/2019 6:27:57 PM"Fed officials do not expect to make any changes to interest rate policy this year amid concerns about ongoing trade talks, Brexit negotiations and the possibility of a greater than expected economic slowdown in Europe and China, minutes of the March meeting showed. Policymakers also noted that their views of the appropriate target range for the federal funds rate could shift in either direction based on incoming data and other developments."United StatesInterest RateFDTR/articles/04102019182757.htm
27695ECB Leaves Monetary Policy Unchanged4/10/2019 12:56:52 PM"The European Central Bank held its benchmark refinancing rate at 0 percent during its April meeting and reiterated it expects key interest rates to remain at record low levels at least through the end of 2019, amid global growth concerns. The central bank also pledged to keep reinvesting cash from maturing bonds for an extended period of time."Euro AreaInterest RateEURR002W/euro-area/interest-rate
27679ECB Members Turn Cautious on Outlook Uncertainty4/4/2019 12:44:41 PM"ECB officials agreed that interest rates should remain at current levels until the end of 2019, with some debate about shifting the forward guidance to March 2020 instead, on the back of weaker than expected economic data, uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets, minutes of the March meeting showed. Policymakers also concurred that the launch a new series of quarterly TLTRO would preserve favourable bank lending conditions and the smooth transmission of monetary policy."Euro AreaInterest RateEURR002W/articles/04042019120354.htm