The Central Reserve Bank of Peru raised its reference rate by 25 basis points to 4.50% for November 2026 amid supply shocks, elevated inflation expectations and robust domestic demand, with annual headline inflation reaching 5.3% in October. The bank stressed that the increase does not necessarily mark the start of successive rate rises.
The National Bank of Romania held its policy rate at 6.50%, lending and deposit facility rates at 7.50% and 5.50%, respectively, and reserve requirement ratios unchanged. Annual inflation rose to 6.94% in October 2026 and is projected to increase slightly further before gradually declining and returning to the target band in the first quarter of 2028.
The National Bank of Serbia raised its key policy rate by 25 basis points to 6% to curb second-round effects from the energy shock, alongside increases in deposit and lending facility rates to 4.75% and 7.25%, respectively. It expects inflation to exceed the upper bound of its 3±1.5% target band in 2027 before returning within the band by year-end.
The Bank of Mauritius’s Monetary Policy Committee unanimously raised the Key Rate by 25 basis points to 5.00% per annum, citing risks of inflation becoming entrenched above target despite downside risks to growth. Headline inflation is projected to exceed the 2–5% target range in 2027, while real gross domestic product growth is forecast at 3.0% in 2026.
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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 Central Reserve Bank of Peru raised its reference rate by 25 basis points to 4.50% for November 2026 amid supply shocks, elevated inflation expectations and robust domestic demand, with annual headline inflation reaching 5.3% in October. The bank stressed that the increase does not necessarily mark the start of successive rate rises.
The National Bank of Romania held its policy rate at 6.50%, lending and deposit facility rates at 7.50% and 5.50%, respectively, and reserve requirement ratios unchanged. Annual inflation rose to 6.94% in October 2026 and is projected to increase slightly further before gradually declining and returning to the target band in the first quarter of 2028.
The National Bank of Serbia raised its key policy rate by 25 basis points to 6% to curb second-round effects from the energy shock, alongside increases in deposit and lending facility rates to 4.75% and 7.25%, respectively. It expects inflation to exceed the upper bound of its 3±1.5% target band in 2027 before returning within the band by year-end.
The Bank of Mauritius’s Monetary Policy Committee unanimously raised the Key Rate by 25 basis points to 5.00% per annum, citing risks of inflation becoming entrenched above target despite downside risks to growth. Headline inflation is projected to exceed the 2–5% target range in 2027, while real gross domestic product growth is forecast at 3.0% in 2026.
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.