27320South Africa Holds Interest Rate Steady at 6.75%1/17/2019 1:34:10 PM"The South African Reserve Bank left its benchmark repo rate unchanged at 6.75 percent on January 17th 2019 after hiking it by 25 bps in the previous meeting, as widely expected. Policymakers said the decision is accommodative and monetary policy actions will continue to focus on anchoring inflation near to the mid-point of the target range in the interest of sustainable growth. The Committee noted international developments including oil prices and the exchange rate depreciation as the key drivers of an improved inflation outlook."South AfricaInterest RateSARPRT/south-africa/interest-rate
27316Indonesia Leaves Rate Steady as Expected1/17/2019 9:38:31 AM"Bank Indonesia left its benchmark 7-day reverse repo rate unchanged at 6 percent on 17th January 2019, as widely expected. Policymakers said the decision was consistent with efforts to reduce the current account gap towards a range of 2.5% of GDP in 2019 and maintaining the attractiveness of domestic financial markets. Current account deficit in the first quarter of the year is expected to be smaller, in line with seasonal trend. The lending and the deposit facility rates were also kept steady at 6.75 percent and 5.25 percent respectively."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
27315Turkey Holds Key Interest Rate at 24%1/16/2019 11:13:36 AM"The Central Bank of Turkey held its one week repo auction rate at 24 percent on January 16th as widely expected, saying risks on price stability continue to prevail although there was some improvement in the inflation outlook. The country's annual inflation rate fell to a four-month low of 20.3 percent in December, still way above the central bank's midpoint target of 5 percent."TurkeyInterest RateTUIBON/turkey/interest-rate
27291"ECB Warns of Economic Risks, Uncertain Outlook"1/10/2019 1:09:22 PM"ECB officials agreed that the risks to the Euro Area outlook could still be assessed as broadly balanced, but that the balance of risks was moving to the downside owing to the persistence of uncertainties related to geopolitical factors, the threat of protectionism, vulnerabilities in emerging markets and financial volatility, minutes of the ECB's December meeting showed. Policymakers also suggested revisiting the contribution of TLTRO to the monetary policy stance moving ahead."Euro AreaInterest RateEURR002W/euro-area/interest-rate
27287Fed Cautious on Future Rate Hikes1/9/2019 7:31:11 PM"Federal Reserve officials revised down their assessments of the appropriate path for monetary policy amid growing concerns about volatility in financial markets, trade tensions and uncertain global growth, minutes from the last FOMC meeting showed. Policymakers also noted that the central bank could afford to be patient about further policy firming as inflation remains muted."United StatesInterest RateFDTR/united-states/interest-rate
27285Canada Holds Interest Rate at 1.75%1/9/2019 3:08:42 PM"The Bank of Canada kept its benchmark interest rate steady at 1.75 percent on January 9th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said more interest rate hikes will be needed to keep inflation into a neutral range of 2 percent target and that the pace of those hikes will depend on factors including developments in oil markets, Canadian housing market and global trade. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively."CanadaInterest RateCCLR/canada/interest-rate
27228BoE Holds Rates on Brexit Uncertainty12/20/2018 12:30:27 PM"The Bank of England voted unanimously to hold the Bank Rate at 0.75 percent on December 20th, saying that Brexit uncertainty had ""intensified considerably"" over the last month while inflation is expected to ease below the 2 percent target amid falling oil prices. Meanwhile, bank staff lowered slightly its forecast for UK quarterly economic growth in Q4 to 0.2 percent from 0.3 percent previously."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
27222BoJ Holds Monetary Policy Steady After US Rate Hike12/20/2018 12:21:49 PM"The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its December meeting, even after the Federal Reserve raised rates for the fourth time this year. Policymakers also kept the target for the 10-year government bond yield at around zero percent and maintained their upbeat view on domestic economy despite slowing growth in China, uncertainty from Sino-US trade dispute and volatile financial markets."JapanInterest RateBOJDTR/japan/interest-rate
27226Indonesia Leaves Monetary Policy Unchanged12/20/2018 9:37:36 AM"Bank Indonesia kept its bencmark 7-day reverse repo rate at 6 percent on 20th December 2018, after hiking rates in the previous month, and matching market expectations. Policy makers said the decision to pause the tightening was consistent with efforts to reduce the current account gap to a more healthy limit of around 2.5% of GDP in 2019, maintaining the attractiveness of domestic financial market for foreign investors, and anticipating an increase on global interest rate in the upcoming months. The lending and the deposit facility rates were also left steady at 6.75 percent and 5.25 percent respectively."IndonesiaInterest RateIDBIRATE/articles/12202018093736.htm
27223Sweden Hikes Repo Rate for 1st Time since 201112/20/2018 8:47:14 AM"The Sveriges Riksbank raised its repo rate by 25 bps to -0.25 percent on December 20th in a surprise move, saying that the need for a highly expansionary monetary policy has decreased slightly as inflation and inflation expectations have become established at around 2 percent amid strong economic activity. The central bank lifted its policy rate for the first time since July 2011 from the historic low where it has sat since February 2016. Policymakers also said next rate rise will probably occur during the second half of 2019."SwedenInterest RateSWRRATEI/sweden/interest-rate
27219"Fed Raises Rates, Signals Fewer Hikes in 2019"12/19/2018 7:25:24 PMThe Federal Reserve raised the target range for the federal funds rate by 25bps to 2.25-2.5 percent during its December meeting and lowered forecasts for interest rate hikes in 2019 amid recent volatility in financial markets and slowing global growth. It is the fourth hike this year on the back of solid economic growth and strong labor market and despite heavy criticism from President Donald Trump.United StatesInterest RateFDTR/articles/12192018190626.htm
27215Thailand Hikes Key Rate for 1st Time in 7-1/2 Years12/19/2018 10:17:08 AM"The Bank of Thailand voted by five to two to raise the policy rate by 25 bps to 1.75 percent on December 19th 2018 meeting, as widely expected. It is the first hike in borrowing cost since March 2015, amid a slowdown in exports and tourism. The Committee said that the policy increase would help curb accumulation of vulnerabilities in the financial system in conjunction with the macro-prudential measures already implemented. For 2018, the Bank revised its economic growth forecast to 4.2 percent from 4.4 percent."ThailandInterest RateBTRR1DAY/thailand/interest-rate
27200Russia Hikes Key Interest Rate to 7.75%12/14/2018 10:44:58 AM"The Bank of Russia raised unexpectedly its benchmark one-week repo rate by 25 bps to 7.75 percent on December 14th, saying the decision is aimed at limiting inflation risks that remain elevated, especially over the short-term horizon on the back of the upcoming VAT rate increase. Policymakers expect annual inflation to be 5-5.5 percent by the end of 2019, before returning to 4 percent in 2020."RussiaInterest RateRREFRATE/russia/interest-rate
27193"ECB Holds Rates, Confirms End of QE"12/13/2018 1:48:44 PM"The European Central Bank held its benchmark refinancing rate at 0 percent on December 13th and confirmed the end of its €2.6 trillion bond purchase scheme later this month, while it will keep reinvesting cash from maturing bonds for an extended period of time. Policymakers also reiterated they expect key interest rates to remain at record low levels at least through the summer of 2019."Euro AreaInterest RateEURR002W/articles/12132018124827.htm
27185Brazil Holds Interest Rate at 6.50% as Expected12/13/2018 11:44:27 AM"The Central Bank of Brazil voted unanimously to hold its key Selic rate at 6.50 percent on 12 December 2018 as widely expected, keeping borrowing costs at the lowest level in modern history amid target inflation and lackluster GDP growth. It was the second monetary policy meeting after the presidential election."BrazilInterest RateBZSTSETA/brazil/interest-rate
27190Turkey Holds Key Interest Rate at 24%12/13/2018 11:05:39 AM"The Central Bank of Turkey held its one week repo auction rate at 24 percent on December 13th as widely expected, following a bigger-than-expected decline in November inflation. Policymakers also said that the tight monetary policy stance will be maintained until inflation outlook displays a significant improvement."TurkeyInterest RateTUIBON/articles/12132018110539.htm
27189Switzerland Holds Policy Rate at -0.75%12/13/2018 9:02:13 AM"The Swiss National Bank held its benchmark interest rate at -0.75 percent on December 13th, as widely expected, saying the franc is still highly valued and the situation on the foreign exchange market continues to be fragile while GDP growth is likely to weaken somewhat in 2019 amid global political uncertainties and protectionist tendencies."SwitzerlandInterest RateSZLTTR/switzerland/interest-rate
27149Canada Leaves Monetary Policy Unchanged12/5/2018 3:03:56 PM"The Bank of Canada left its benchmark interest rate unchanged at 1.75 percent of December 5th 2018, after hiking 25 bps on the previous meeting, as widely expected. It remained the highest rate since December 2008. Policymakers said more interest rate hikes will be need to keep inflation into a neutral range of 2 percent target and that will depend on factors, which include consumption and housing, global trade policy developments, oil price shock, the evolution of business investment, and the Bank’s assessment of the economy’s capacity. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively."CanadaInterest RateCCLR/articles/12052018150356.htm
27148India Leaves Rates Steady as Expected12/5/2018 9:42:03 AM"The Reserve Bank of India left its key policy rate steady at 6.5 percent for the second straight meeting on December 5th 2018, in line with market expectations. Policymakers reiterated the decision is consistent with a calibrated tightening that aims to achieve a 4 percent +/- 2 percent inflation target and support growth. The reverse repo rate was also left at 6.25 percent and the marginal standing facility rate and the Bank Rate at 6.75 percent each."IndiaInterest RateRSPOYLD/india/interest-rate
27144Chile Holds Interest Rate at 2.75%12/4/2018 9:47:34 PM"The Central Bank of Chile left its benchmark interest rate unchanged at 2.75 percent on 4 December 2018, matching market expectations. The decision was unanimous. Policymakers mentioned that weaker global and domestic growth is expected ahead and underscored that the peso and equities remain highly volatile. Nonetheless, a hawkish stance prevailed, as the minutes suggested higher rates to normalize the previous easing cycle. They also noted that while oil prices have plunged recently, prices of most commodities remain stable. As for consumer prices, policymakers underscored that inflation expectations declined since the last meeting. The annual inflation rate in Chile eased to 2.9 percent in October 2018 from 3.1 percent in the previous month."ChileInterest RateCHOVCHOV/chile/interest-rate