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22691Factors Weighing On Eurozone Inflation Are Mainly Temporary6/27/2017 9:19:15 AM"While there are still factors that are weighing on the path of inflation, at present they are mainly temporary factors that typically the central bank can look through, President Mario Draghi said at the ECB Forum on Central Banking. Draghi also said that he was confident the current monetary policy has been effective in raising demand and supporting growth, and that any adjustments to the stance have to be made gradually, and only when the improving dynamics that justify them appear sufficiently secure."Euro AreaInterest RateEURR002W/euro-area/interest-rate
22675New Zealand Keeps Interest Rate Steady At 1.75%6/22/2017 9:14:17 AM"The Reserve Bank of New Zealand kept its official cash rate unchanged at record low of 1.75 percent on June 21st, 2017, as widely expected. The central bank left the monetary rate unchanged for the fourth straight meeting. Policymakers underscored that major challenges remain with persistent surplus capacity and extensive political uncertainty. They also mentioned soft GDP growth in the last quarter of 2017 and that house price inflation has moderated further. The central bank also stated that monetary policy will remain accommodative for a considerable period, as numerous uncertainties remain and policy may need to adjust accordingly."New ZealandInterest RateNZOCRS/new-zealand/interest-rate
22677Philippines Holds Key Rate At 3%6/22/2017 8:40:46 AM"The central bank of Philippines left its key overnight borrowing rate steady at 3 percent on June 22nd, 2017 as widely expected, saying that the inflation environment continues to be manageable. Policymakers kept its inflation forecasts for 2017-2019 unchanged at 3.0 percent ± 1 percentage point but said upside risks persist."PhilippinesInterest RatePhilippinesIntRate/philippines/interest-rate
22663Russia Cuts Key Interest Rate To 9%6/16/2017 10:40:31 AM"The Central Bank of Russia has lowered its benchmark one-week repo rate by 25 bps to 9 percent on June 16th, while markets expected a 50 bps rate cut, saying it will continue to conduct a moderately tight monetary policy to maintain inflation close to the 4 percent target. Also, policymakers signaled the possibility of further rate cuts in the second half of 2017, as inflation expectations continue to decline amid a recovery in economic activity."RussiaInterest RateRREFRATE/russia/interest-rate
22659BoJ Leaves Monetary Policy Unchanged6/16/2017 3:27:42 AM"The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its June 2017 meeting, as widely expected. Policymakers also kept its 10-years government bond yield target around zero percent and offered a more upbeat view on private consumption and overseas economies."JapanInterest RateBOJDTR/japan/interest-rate
22658Chile Keeps Interest Rate At 2.5% And Drops Bias6/15/2017 10:15:53 PM"Chile’s central bank kept the benchmark interest rate unchanged at 2.50 percent in its June 15th, 2017 meeting following a 25 bps cut in its May 18th meeting. The outcome matched consensus expectations, and leaves the interest standing at its lowest level since September of 2010. Policymakers reiterated that mining and construction activity remains soft, and that inflation (currently at 2.6 percent year-on-year) is expected to remain on target. Members of the board did not mention this time around if the room for further easing remains open."ChileInterest RateCHOVCHOV/chile/interest-rate
22655Indonesia Leaves Rates Steady6/15/2017 12:12:59 PM"The Bank Indonesia left its benchmark 7-day reverse repo rate unchanged at 4.75 percent on June 15th 2017, in line with market expectations. The overnight deposit facility rate and the lending facility rate were also left steady at 4 percent and 5.5 percent respectively, saying the decision is consistent with efforts to maintain macroeconomic and financial stability. The central bank mentioned several domestic and external risks to the economic outlook including the further rise of the Fed Funds Rate and the planned decline in its balance sheet; the results of the General Elections in the UK; the potential for declining commodity prices; the effects of administered prices on inflation and the continued consolidation of corporations and banks."IndonesiaInterest RateIDBIRATE/indonesia/interest-rate
22654Turkey Leaves Monetary Policy On Hold6/15/2017 11:40:16 AM"The central bank of Turkey left its benchmark one-week repo rate at 8 percent on June 15th 2017 as widely expected. Policymakers noticed the economic recovery is gathering pace although inflationary risks persist. Yet, the inflation remained at double digits for the fourth month at 11.72 percent in May and food inflation reached the highest since 2010. The central bank added that a tight stance in monetary policy will be maintained until the inflation outlook improves. The overnight lending rate was also kept at 9.25 percent and the overnight borrowing at 7.25 percent."TurkeyInterest RateTUIBON/turkey/interest-rate
22653BoE Leaves Key Rate At 0.25%6/15/2017 11:28:19 AM"The Bank of England voted by five to three to keep the Bank Rate at a record low of 0.25 percent on June 15th, 2017, as widely expected. Policymakers showed concerns over rising inflation and slow pay growth and the effects on household spending and GDP. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. The Committee also voted unanimously to keep the stock of UK government bond purchases, financed by the issuance of central bank reserves, at £435 billion."United KingdomInterest RateUKBRBASE/united-kingdom/interest-rate
22649Switzerland Leaves Monetary Policy Unchanged6/15/2017 7:48:38 AM"The Swiss National Bank held its deposit interest rate at a record low of -0.75 percent on June 15th, 2017 as widely expected, aiming to stabilize the inflation and support growth. Policymakers said that the Swiss franc remains overvalued and that a negative rate and forex interventions are intended to rein the currency. The target range for three-month libor was also left steady between -1.25 percent and -0.25 percent."SwitzerlandInterest RateSZLTTR/switzerland/interest-rate
22643Fed Raises Rate To 1.25%6/14/2017 6:19:43 PM"The Federal Reserve raised the target range for its federal funds rate by 25bps to 1 percent to 1.25 percent during its June 2017 meeting, in line with market expectations. Policymakers kept forecasts for three rate hikes this year while increasing growth projections and lowering inflation expectations. In addition, details on how the central bank will start reducing its USD 4.5 trillion portfolio were also provided."United StatesInterest RateFDTR/united-states/interest-rate
22617ECB Leaves Monetary Policy Unchanged6/8/2017 3:50:53 PM"The ECB held its benchmark refinancing rate at 0 percent for the eleventh consecutive meeting on June 8th and closed the door to further rate cuts, as the Euro Area economy is expected to expand faster than previously estimated and the risks to the growth outlook are now broadly balanced. The central bank also left the pace of its bond-purchases unchanged, saying a very substantial degree of monetary accommodation is still needed to support inflation in the medium term."Euro AreaInterest RateEURR002W/articles/06082017115020.htm
22603India Leaves Repo Rate At 6.25%6/7/2017 9:41:05 AM"The Reserve Bank of India held its benchmark repo rate at 6.25 percent on June 7th 2017 as widely expected, saying the decision is consistent with a neutral monetary policy stance. Policymakers added that the inflation outlook for the next months is uncertain and revised down its GVA growth forecasts for 2017-2018 by 10bps to 7.3 percent. The reverse repo rate was also left unchanged at 6 percent, following a 25bps cut in April; the bank rate at 6.5 percent and the cash rate at 4 percent."IndiaInterest RateRSPOYLD/india/interest-rate
22598Australia Keeps Cash Rate Steady At 1.5%6/6/2017 5:00:58 AM"The Reserve Bank of Australia left the cash rate unchanged at a record low of 1.5 percent during the meeting held on June 6th, as widely expected. Policymakers said the transition to lower levels of mining investment following the mining investment boom is almost complete and inflation is expected to rise gradually as the economy strengthens."AustraliaInterest RateRBATCTR/australia/interest-rate
22572Brazil Cuts Key Interest Rate To 3-1/2-Year Low Of 10.25%5/31/2017 9:09:23 PM"The Central Bank of Brazil unanimously cut its key Selic rate by 100 basis points to 10.25 percent on May 31st of 2017, as widely anticipated. It is the sixth straight rate decline, bringing borrowing costs to the lowest since December of 2013 amid slowing inflation and a sticky contraction. It follows a 100 bps cut in the April 12th of 2017 meeting."BrazilInterest RateBZSTSETA/brazil/interest-rate
22549Kenya Holds Key Rate At 10%5/29/2017 1:53:05 PM"The Central Bank of Kenya held its benchmark bank rate steady at 10 percent at its May 29th 2017 meeting, in line with market expectations. Policymakers said inflation is expected to remain above the 2.5-7.5 percent target in the near term although food prices are likely to ease amid improved weather conditions."KenyaInterest RateKenyaIntRate/kenya/interest-rate
22540South Africa Holds Repo Rate At 7%5/25/2017 1:47:54 PM"The South African Reserve Bank kept its benchmark repo rate on hold at 7 percent at its May 25th 2017 meeting, in line with market expectations. Policymakers said that although the inflation outlook has improved over the near term, the longer-term forecast is unchanged, remaining close to the upper limit of the target range. In addition, the rand and domestic bond yields benefited from increased global capital inflows to emerging markets which largely offset the impact of the sovereign credit ratings downgrade. However, with further ratings decisions imminent, risks remain for a further depreciation against the backdrop of continued global and domestic political uncertainty. Also, domestic growth prospects have deteriorated. The central bank revised down inflation and growth forecasts for this year."South AfricaInterest RateSARPRT/south-africa/interest-rate
22534South Korea Maintains Key Rate Steady At 1.25%5/25/2017 9:55:24 AM"The central bank of South Korea left its base rate steady for the tenth straight meeting at a record low of 1.25 percent in May, as expected, adopting a stance of stability in its first meeting since President Moon Jae-In's inauguration. Policymakers await the new administration's policy reforms, which unofficially begun with Moon's recent proposal for a 10 trillion Won stimulus in 2017."South KoreaInterest RateKORP7DR/south-korea/interest-rate
22531Fed June Rate Hike Is Still On The Table5/24/2017 6:19:35 PM"Another increase in the federal funds rate would be appropriate soon, proven that recent growth slowdown is only transitory, minutes from last FOMC meeting showed. Fed officials also discussed strategies to start reducing its USD 4.5 trillion portfolio."United StatesInterest RateFDTR/articles/05242017181935.htm
22530Canada Maintains Key Rate At 0.5%5/24/2017 2:05:02 PM"The Bank of Canada held its overnight rate steady at 0.5 percent on May 23rd, 2017, saying inflation is broadly in line with projections and recent economic data have been encouraging. The decision came in line with market expectations. The Bank Rate was also left on hold at 0.75 percent and the deposit rate at 0.25 percent."CanadaInterest RateCCLR/canada/interest-rate