28947Malaysia Cuts Key Rate to 2.75% Unexpectedly1/22/2020 9:27:43 AM"Bank Negara Malaysia unexpectedly lowered its overnight policy rate by 25 bps to 2.75 percent during its January meeting, bringing borrowing costs to the lowest since May 2011, in an attempt to boost economic growth amid price stability. For 2020, growth is expected to gradually improve supported by resilient private spending and better export performance, while private investment is projected to remain modest. Meantime, inflation is expected to average higher but remain modest. The ceiling and floor rates of the corridor of the overnight policy rate trimmed to 3 percent and 2.50 percent, respectively."MalaysiaInterest RateMAOPRATE/malaysia/interest-rate
28944"BoJ Holds Rates, Revises Up GDP Growth Forecasts"1/21/2020 8:32:33 AM"The Bank of Japan left its key short-term interest rate unchanged at -0.1% and kept the target for the 10-year Japanese government bond yield at around 0% during its January meeting, by a 7-2 vote. At the same time, policymakers revised up their growth projection for the 2019 fiscal year beginning in April to 0.9% from an estimate of 0.7% made in October, supported by fiscal stimulus and easing trade tensions. The central bank also upgraded its growth estimate for fiscal 2021, while price forecasts were held steady, showing inflation will remain under the 2% target at least until early 2022."JapanInterest RateBOJDTR/japan/interest-rate
28936South Korea Holds Key Rate Unchanged at 1.25%1/17/2020 4:55:01 AM"The Bank of Korea kept its base rate unchanged at 1.25 percent on January 17th 2020, as widely expected, amid easing global trade tensions and signs of domestic economic recovery following efforts from the government to step up fiscal spending. Policymakers said they will maintain accommodative monetary policy stance ahead as pressures on the demand side will remain low and the economy will grow moderately. In this process, they will judge whether to adjust monetary policy accommodation, while carefully monitoring developments in global trade disputes, the overseas countries and geopolitical risks."South KoreaInterest RateKORP7DR/south-korea/interest-rate
28935South Africa Unexpectedly Cuts Repo Rate to 6.25%1/16/2020 3:06:41 PM"The South African Reserve Bank voted unanimously to trim its benchmark repo rate to 6.25 percent during its first policy meeting of 2020, while markets had expected it to be kept steady. It was the first rate cut since July, bringing borrowing costs to the lowest level since November 2015. The decision came amid lower inflation forecasts and the country's persistent economic vulnerability."South AfricaInterest RateSARPRT/south-africa/interest-rate
28933"ECB More Upbeat on Economic, Inflation Outlook: Minutes"1/16/2020 1:03:13 PM"ECB officials agreed that there were some signs of stabilisation in the Eurozone growth slowdown, and that downside risks to the outlook had become somewhat less pronounced, the accounts of the December meeting showed. Policymakers also noted that measures of underlying inflation remained generally subdued, although there were some indications of a mild increase, while some members voiced concerns about the possible side effects of the September monetary policy measures, including the potential impact of negative interest rates on households savings and consumption dynamics."Euro AreaInterest RateEURR002W/euro-area/interest-rate
28931Turkey Surprises with 75bps Rate Cut1/16/2020 11:12:36 AM"The Central Bank of Turkey slashed its one-week repo auction rate by another 75bps to 11.25 percent during its first policy meeting of 2020, defying market expectations of a 50bps cut. Policymakers have lowered rates for five consecutive times since July last year, bringing borrowing costs to the lowest level since May 2018, saying the inflation outlook continued to improve and inflation expectations sustained their wide-spread decline."TurkeyInterest RateTUIBON/turkey/interest-rate
28901Fed to Hold Rates for a Time: Minutes1/3/2020 7:40:29 PM"Federal Reserve officials agreed that the current interest rate stance is likely to remain unchanged for a period of time, despite raising concerns that low interest rates could exacerbate imbalances in the financial sector, minutes of the December policy meeting showed. Policymakers also pledged to discuss changes to the way the central bank manages liquidity in financial markets at future meetings, including the potential role of a standing repo facility, the setting of administered rates, and the composition of the Fed's holdings of Treasury securities over the longer run."United StatesInterest RateFDTR/united-states/interest-rate
28863BoE Keeps Rates Steady amid Cautious Approach12/19/2019 12:09:23 PM"The Bank of England's Monetary Policy Committee voted by a majority of 7-2 to hold Bank Rate at 0.75 percent during its December meeting, as policymakers took a wait-and-see approach following Prime Minister Boris Johnson's election victory and its possible implications on Brexit. Two members have voted for a second month in a row for a rate cut amid concerns about the job market."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
28861Riksbank Hikes Policy Interest Rates12/19/2019 10:43:45 AM"Sweden's central bank raised its benchmark repo rate by 25bps to 0 percent during its December meeting, ending five years of negative interest rates, saying inflation has been close to the target of 2 percent since the start of 2017 while the economic prospects and outlook for inflation are largely unchanged. Policymakers also said the repo rate will remain at zero percent in the coming years."SwedenInterest RateSWRRATEI/sweden/interest-rate
28862Indonesia Keeps Interest Rate Unchanged12/19/2019 8:59:55 AM"Bank Indonesia left its benchmark 7-day reverse repo rate at 5 percent during its December meeting, as widely expected. The decision consistent with effort to anchor inflation and support GDP growth. The Bank added that will continue to monitor global financial market conditions and the external stability of the economy. The lending and the deposit facility rates were also held unchanged at 5.75 percent and 4.25 percent respectively."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
28859"BoJ Holds Rates, Offers Weaker Views on Output"12/19/2019 8:20:05 AM"The Bank of Japan held its key short-term interest rate at -0.1 percent during its December meeting, and kept the target for the 10-year Japanese government bond yield at around 0 percent. Policymakers also maintained its upbeat assessment of the economy, despite a consumption tax hike in October, while offered weaker views on exports, production and business sentiment mainly due to the impact of natural disasters and sluggish demand from overseas economies."JapanInterest RateBOJDTR/articles/12192019033240.htm
28852"Thailand Leaves Rates Unchanged, Cuts GDP Forecasts"12/18/2019 2:00:16 PM"The Bank of Thailand kept its policy rate at 1.25 percent during its December meeting, as widely expected, after cutting it twice this year to the lowest since 2009. Policymakers said that the current accommodating monetary policy stance would remain appropriate in the period ahead and would continue to support economic growth, financial stability and inflation. For 2019, the central bank lowered its GDP growth forecast to 2.5 percent, from 2.8 percent previously estimated; while exports are expected to slump 3.3 percent, compared to 1 percent decline seen earlier."ThailandInterest RateBTRR1DAY/thailand/interest-rate
28843UK Banks 'Resilient' to No-deal Brexit: 2019 Stress-Test12/16/2019 5:48:42 PM"Major UK banks are strong enough to carry on lending to households and businesses even in a recession worse than the financial crisis, according to Bank of England's stress test results."United KingdomInterest RateUKBRBASE/articles/12162019174621.htm
28833"Russia Slashes Policy Rates, Signals Further Easing in 2020"12/13/2019 10:46:58 AM"The Central Bank of Russia cut its benchmark one-week repo rate by 25 bps to 6.25 percent during its December meeting and signaled more rate cuts were likely in the first half of 2020, saying households’ inflation expectations continue to decrease, while price expectations of businesses remain overall unchanged. Policymakers see annual inflation at 3.5–4.0 percent in 2020 and close to 4 percent further on."RussiaInterest RateRREFRATE/russia/interest-rate
28829ECB Leaves Monetary Policy Unchanged12/12/2019 1:58:12 PM"The ECB left its key interest rates and stimulus package unchanged during Christine Lagarde's first policy meeting in charge on December 12th, with the main refinancing rate remaining at 0 percent and the deposit rate at -0.5 percent. Policymakers said they expect interest rates to remain at their present or lower levels until the inflation outlook converges to their aim. The bank also cut its growth forecast for 2020, due to weak trade growth, while inflation is seen below the 2% target through at least 2022."Euro AreaInterest RateEURR002W/articles/12122019124805.htm
28826Turkey Cuts Interest Rates by 200bps12/12/2019 11:10:07 AM"The Central Bank of Turkey slashed its one-week repo auction rate by another 200bps to 12 percent during its December meeting, defying market expectations of a 150bps cut. It follows a 250bps rate cut in October as inflation expectations displayed a wide-spread decline while the economic activity continues to improve. Policymakers also said that the current monetary policy stance is considered to be consistent with the projected disinflation path."TurkeyInterest RateTUIBON/articles/12122019110810.htm
28819Brazil Trims Interest Rate for 4th Straight Meeting12/12/2019 9:56:45 AM"The Central Bank of Brazil voted unanimously to trim its key Selic rate by 50 bps to 4.50 percent during its December meeting. It was the fourth consecutive rate cut bringing borrowing costs to its lowest on record, amid the global economic slowdown and a recovery in the domestic economy. Policymakers said that the the current stage of the business cycle needs caution in the conduct of monetary policy and added that next decisions will be data dependent."BrazilInterest RateBZSTSETA/brazil/interest-rate
28824Philippines Keeps Policy Rate Steady at 4%12/12/2019 9:20:21 AM"The Philippine central bank held its overnight reverse repurchase facility rate at 4 percent during its December meeting, as widely expected, after the economy grew faster than expected in the third quarter while inflation expectations remain well-anchored."PhilippinesInterest RatePhilippinesIntRate/philippines/interest-rate
28823SNB Holds Interest Rates as Expected12/12/2019 9:07:32 AM"The Swiss National Bank held the SNB policy rate at -0.75 percent during its December meeting, saying that the expansionary monetary policy continues to be necessary given the inflation outlook in the country. Policymakers agreed that the franc remains highly valued, and that the situation on the foreign exchange market is still fragile. The bank also signaled interest rates will remain at current levels through at least 2021, saying inflation will be 0.4 percent in 2019, 0.1 percent in 2020 and 0.5 percent in 2021."SwitzerlandInterest RateSZLTTR/switzerland/interest-rate
28817Fed Signals No Plans to Cut in 202012/11/2019 8:00:39 PM"The Federal Reserve left the target range for its federal funds rate unchanged at 1.5-1.75 percent on December 11th 2019 and signaled no plans to cut in 2020. The decision came in line with market expectations. Policymakers consider the current stance of monetary policy appropriate to support sustained growth, strong labor market conditions, and inflation near the 2% target."United StatesInterest RateFDTR/articles/12112019190259.htm