The Bank of Uganda held its Central Bank Rate at 12% for November 2026, judging financial conditions sufficiently tight despite a higher inflation outlook and weakening growth. It widened the rate’s band to ±3 from ±2 percentage points and raised the rediscount and bank rates to 16% and 17%, respectively.
The Central Bank of Mexico’s Governing Board voted by majority for a one-time 25-basis-point cut in its overnight interbank interest rate target to 6.25%, effective November 6, 2026, citing continued disinflation and economic slack. It signalled an extended hold at this level to support inflation convergence to its 3% target, still expected in the fourth quarter of 2027.
The National Bank of Moldova raised its base rate by 200 basis points to 11%, citing intensifying inflationary pressures, robust domestic demand and an upwardly revised inflation outlook. Annual inflation reached 8.6% in September and is expected to return within the 5% target’s ±1.5 percentage point tolerance band in the third quarter of 2027.
The Bank of England’s Monetary Policy Committee raised Bank Rate by 25 basis points to 4% in November 2026 in an eight-to-one vote, citing higher energy prices and stronger-than-expected activity. Consumer price index inflation was projected to reach around 5% in the second quarter of 2027, with the committee warning of increased risks of second-round effects.
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Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.
The Bank of Uganda held its Central Bank Rate at 12% for November 2026, judging financial conditions sufficiently tight despite a higher inflation outlook and weakening growth. It widened the rate’s band to ±3 from ±2 percentage points and raised the rediscount and bank rates to 16% and 17%, respectively.
The Central Bank of Mexico’s Governing Board voted by majority for a one-time 25-basis-point cut in its overnight interbank interest rate target to 6.25%, effective November 6, 2026, citing continued disinflation and economic slack. It signalled an extended hold at this level to support inflation convergence to its 3% target, still expected in the fourth quarter of 2027.
The National Bank of Moldova raised its base rate by 200 basis points to 11%, citing intensifying inflationary pressures, robust domestic demand and an upwardly revised inflation outlook. Annual inflation reached 8.6% in September and is expected to return within the 5% target’s ±1.5 percentage point tolerance band in the third quarter of 2027.
The Bank of England’s Monetary Policy Committee raised Bank Rate by 25 basis points to 4% in November 2026 in an eight-to-one vote, citing higher energy prices and stronger-than-expected activity. Consumer price index inflation was projected to reach around 5% in the second quarter of 2027, with the committee warning of increased risks of second-round effects.
Norges Bank held its policy rate at 4.5%, with September consumer price inflation at 3.4%, above the 2% target. Its Monetary Policy and Financial Stability Committee signalled that the rate would likely remain elevated for some time and could rise further if warranted by the inflation outlook.
The Central Bank of Malaysia’s Monetary Policy Committee held the Overnight Policy Rate at 2.75%, judging it consistent with price stability and sustainable growth. The bank expects growth above 5% in 2026, up from around 5% projected in September, while inflation is expected to edge higher in 2027 but remain contained.
The Central Bank of Brazil held the Selic rate at 13.75% a year, citing rising inflation expectations, increased uncertainty and a sharper domestic slowdown. With inflation risks elevated and tilted to the upside, it stressed caution and maintaining sufficient monetary restraint to ensure inflation converges to target.
The Central Bank of Poland’s Monetary Policy Council held its reference rate at 3.75% in November 2026 amid easing inflation and signs of slower economic growth. Its unchanged-rate projection raised inflation ranges for 2027 and 2028 compared with July, while further policy decisions will depend on incoming inflation and economic activity data.
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Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.