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28154Chile Keeps Interest Rate at 2.50%7/19/2019 9:29:19 AM"The Central Bank of Chile kept its benchmark interest rate unchanged at 2.50 percent at its July 18th 2019 meeting. Policymakers noted higher risks associated with the timely convergence of inflation to the target over the policy horizon, mainly due to cost of services and surrounding the future evolution of activity and demand, amid external uncertainty. The Committee said that will extend the current monetary stimulus, if necessary, and added that they will continue to conduct monetary policy with flexibility, so that projected inflation stands at 3 percent in the two-year horizon."ChileInterest RateCHOVCHOV/chile/interest-rate
28152South Africa Trims Repo Rate to 6.5%7/18/2019 1:29:59 PM"The South African Reserve Bank cut its benchmark repo rate by 25 bps to 6.5 percent on July 18th 2019, as widely expected. It was the first rate cut since March last year. Policymakers noted that inflation expectations continued to moderate and said that they will continue to focus on anchoring it near the mid-point of the inflation target range. The Committee added that future policy decisions are highly data dependent, sensitive to the assessment of the balance of risks to the outlook."South AfricaInterest RateSARPRT/south-africa/interest-rate
28149Indonesia Cuts Rates for 1st Time in Almost 2 Years7/18/2019 10:22:15 AM"Bank Indonesia lowered its 7-day reverse repo rate by 25bps to 5.75 percent during its July meeting, the first interest rate cut since September 2017, in an attempt to support growth amid low inflation expectations. The overnight deposit and lending facilities were also trimmed by the same amount to 5.00 percent and 6.50 percent, respectively."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
28146South Korea Unexpectedly Cuts Key Rate by 25 Bps to 1.5%7/18/2019 5:19:22 AM"The Bank of Korea unexpectedly lowered its base rate by 25 basis points to 1.5 percent on July 18th 2019. This was the first adjustment in benchmark rate since November last year and the bank's first rate cut in three years, amid efforts to spur economic growth on the back rising global uncertainties following trade dispute with Japan and tariff war between US and China."South KoreaInterest RateKORP7DR/south-korea/interest-rate
28116ECB Policymakers Ready to Cut Rates if Needed: Minutes7/11/2019 11:50:14 AM"ECB officials agreed that they should be prepared to ease the monetary policy stance further in response to the further weakening of the economic outlook and the muted inflation developments, minutes of the June meeting showed. Potential measures to be considered included the possibility of further extending and strengthening the Governing Council's forward guidance, resuming net asset purchases and decreasing policy rates."Euro AreaInterest RateEURR002W/euro-area/interest-rate
28111Many Fed Policymakers See Near-Term Rate Cut: Minutes7/10/2019 6:19:39 PM"Many Fed officials saw that the case for a somewhat more accommodative monetary policy had strengthened amid heightened uncertainties about the economic outlook and muted inflation pressures, minutes of the June meeting showed. Still, some participants agreed that there was not yet a strong case for a rate cut from current levels as they preferred to gather more information on the trajectory of the economy before concluding that a change in policy stance is warranted."United StatesInterest RateFDTR/united-states/interest-rate
28109Canada Holds Interest Rate at 1.75%7/10/2019 2:05:34 PM"The Bank of Canada held its benchmark interest rate at 1.75 percent on July 10th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said that the degree of monetary policy accommodation is appropriate and noted that the economy outlook is clouded by ongoing global trade tensions. The Committee added that they will continue to monitor developments in the energy sector and the impact of trade conflicts on the prospects for domestic economic growth and inflation. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively."CanadaInterest RateCCLR/canada/interest-rate
28108Powell Hints at Rate Cut Amid Increased Uncertainties7/10/2019 1:23:37 PM"Uncertainties about the outlook have increased in recent months and weaker global growth could affect the US economy, Chair Jerome H. Powell said in prepared remarks to Congress, raising expectations that the central bank will be cutting interest rates by at least 25bps when it meets later this month."United StatesInterest RateFDTR/articles/07102019131923.htm
28100Malaysia Leaves Monetary Policy Unchanged7/9/2019 7:33:02 AM"The Central Bank of Malaysia left its benchmark interest rate steady at 3 percent on July 9th 2019, after trimming it by 25 bps in the previous meeting, as widely expected. Policymakers said that the stance of monetary policy remains accommodative and supportive of economic activity. The Committee added that they will continue to assess the balance of risks to domestic growth and inflation, to ensure that the monetary policy stance remains conducive to sustainable growth amid price stability."MalaysiaInterest RateMAOPRATE/malaysia/interest-rate
28083Sweden Leaves Interest Rate Unchanged at -0.25%7/3/2019 8:40:02 AM"The central bank of Sweden held its key repo rate steady at -0.25 percent on July 3rd 2019, in line with market expectations, as economic activity remains strong and inflation is close to the target of 2 per cent. Meantime, policymakers added that the forecast for the repo rate was unchanged and reiterated the intention to raise it towards the end of the year or at the beginning of next year. However, the bank underscored that uncertainty abroad poses some risks to global outlook which requires proceeding cautiously with monetary policy."SwedenInterest RateSWRRATEI/sweden/interest-rate
28079RBA Cuts Cash Rate Again to Fresh Record Low of 1%7/2/2019 5:09:38 AM"The Reserve Bank of Australia lowered its cash rate by 25 bps to a new record low of 1.0 percent at its July meeting, as widely expected. It is the first back-to-back cut in borrowing cost since 2012, aiming to support employment growth and to provide greater confidence that inflation will be consistent with the medium-term target. The Committee said they will continue to monitor developments in the labour market and adjust monetary policy if necessary."AustraliaInterest RateRBATCTR/australia/interest-rate
28047"New Zealand Holds Rates at 1.5%, Signals Further Cuts"6/26/2019 9:03:06 AM"The Reserve Bank of New Zealand left its official cash rate/OCR unchanged at a record low of 1.5 percent at its June 2019 meeting, as widely expected. The move follows a 25 bps cut in the previous meeting. Policymakers said that a lower OCR may be needed over time given the downside risks around the inflation and employment outlook."New ZealandInterest RateNZOCRS/new-zealand/interest-rate
28049Thailand Leaves Monetary Policy Unchanged6/26/2019 7:58:48 AM"The Bank of Thailand held its policy rate at 1.75 percent on its June 26th 2019 meeting, as widely expected. Policymakers said that the current accommodating monetary policy stance remains appropriate for economic growth given the inflation target. The Committee slashed its 2019 economic growth outlook to 3.3 percent from a preliminary 3.8 percent while unrevised its inflation forecasts (1 percent for 2019) and projected that exports will be flat. Policymakers added that they will continue to monitor developments on economic growth, inflation, and financial stability, together with associated risks, namely trade tensions."ThailandInterest RateBTRR1DAY/thailand/interest-rate
28046Fed is Insulated from Politics: Powell6/25/2019 5:56:41 PM"The Fed is ""insulated from short-term political pressures"", Chair Jerome H. Powell said in a speech at the Council on Foreign Relations in New York, as policymakers face heavy criticism by President Donald Trump for having raised interest rates last year."United StatesInterest RateFDTR/articles/06252019175431.htm
28031"BoE Holds Rates, Cuts Q2 Growth Forecast"6/20/2019 11:19:06 AM"The Bank of England's Monetary Policy Committee voted unanimously to hold the Bank Rate at 0.75 percent during its June policy meeting and reaffirmed its pledge to gradual and limited rate rises over the forecast period, despite ongoing Brexit concerns and global trade tensions. The central bank lowered its outlook for the economy to zero on the second quarter of the year from its previous estimate of 0.2 percent growth."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
28030Philippines Holds Key Interest Rate Steady at 4.5%6/20/2019 11:09:37 AM"The central bank of the Philippines left its key overnight reverse repurchase facility rate unchanged at 4.5% on its June 20th 2019 meeting, while markets had expected it at 4.25%. Policymakers said the decision remains consistent with the manageable inflation outlook and firm domestic growth prospects, unveiling that a prudent pause allows it to observe and assess the impact of prior monetary adjustments. The bank noted the uptick in inflation to 3.2% in May from 3% in April, which is likely to be temporary and still within the 2-4% target range. Also, the BSP cut its inflation forecasts for 2019 to 2.7% from 2.9% and for 2020 to 3% from 3.1%, amid declining oil prices and the prospect of a stronger peso."PhilippinesInterest RatePhilippinesIntRate/philippines/interest-rate
28029Indonesia Holds Key Interest Rate at 6%6/20/2019 7:45:32 AM"Bank Indonesia held its benchmark 7-day reverse repo rate at 6 percent on June 20th 2019, as widely expected. Policymakers said the decision is directed to ensure the availability of liquidity on the money market. The Committee added that will continue to monitor global financial market conditions and the external stability of the Indonesian economy in considering a reduction in policy rates. The lending and the deposit facility rates were also left unchanged at 6.75 percent and 5.25 percent respectively."IndonesiaInterest RateIDBIRATE/articles/06202019074532.htm
28027"BoJ Holds Rates, Warns of Heightening Global Risks"6/20/2019 5:38:35 AM"The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its June meeting, as widely expected, hours after the Federal Reserve signalled possible interest rate cuts later this year. Policymakers also kept the target for the 10-year Japanese government bond yield at around zero percent, but warned that downside risks regarding overseas economies were likely to be significant so that close attention should be paid to their impacts on firms' and households' sentiment."JapanInterest RateBOJDTR/japan/interest-rate
28026Brazil Leaves Monetary Policy Unchanged6/19/2019 9:31:46 PM"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
28025"Fed Holds Rates as Expected, Signals Rate Cuts Later this Year"6/19/2019 6:28:52 PM"The Federal Reserve held the target range for the federal funds rate at 2.25-2.5 percent and left its forecast for 2019 economic growth unchanged while revised higher for 2020. The Fed dropped a promise to be ""patient"" in adjusting rates and said that will act as appropriate to sustain the economic expansion. Fed officials now expect rate cuts in 2019."United StatesInterest RateFDTR/articles/06192019180405.htm