The Central Bank of Paraguay’s Monetary Policy Committee unanimously held its annual policy rate at 5.50%, maintaining a neutral stance amid low inflation and an improved growth outlook. The central bank lowered its year-end inflation forecast to 3.0% and raised its 2026 gross domestic product growth forecast to 5.0%.
The Central Bank of Russia held its key rate at 14.00% per annum, citing persistent price pressures and high inflation expectations amid moderate economic growth. It projected annual inflation of 7.1–7.6% at end-2026 and a return to its 4.0% target in 2027.
The National Bank of Kazakhstan cut its base rate by 50 basis points to 15.75% as annual inflation slowed to 9.3% in September and inflation expectations declined. With inflation risks tilted upward, the central bank said further rate changes were unlikely before the end of 2026 and additional cuts would depend on sustained easing of price pressures.
The Central Bank of Türkiye cut its one-week repo auction rate to 36%, citing slowing underlying inflation and weak domestic demand, and lowered overnight lending and borrowing rates to 39% and 34.5%, respectively. It pledged to maintain tight monetary policy until price stability is achieved and tighten policy if the inflation outlook deteriorates significantly and persistently.
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The Central Bank of Paraguay’s Monetary Policy Committee unanimously held its annual policy rate at 5.50%, maintaining a neutral stance amid low inflation and an improved growth outlook. The central bank lowered its year-end inflation forecast to 3.0% and raised its 2026 gross domestic product growth forecast to 5.0%.
The Central Bank of Russia held its key rate at 14.00% per annum, citing persistent price pressures and high inflation expectations amid moderate economic growth. It projected annual inflation of 7.1–7.6% at end-2026 and a return to its 4.0% target in 2027.
The National Bank of Kazakhstan cut its base rate by 50 basis points to 15.75% as annual inflation slowed to 9.3% in September and inflation expectations declined. With inflation risks tilted upward, the central bank said further rate changes were unlikely before the end of 2026 and additional cuts would depend on sustained easing of price pressures.
The Central Bank of Türkiye cut its one-week repo auction rate to 36%, citing slowing underlying inflation and weak domestic demand, and lowered overnight lending and borrowing rates to 39% and 34.5%, respectively. It pledged to maintain tight monetary policy until price stability is achieved and tighten policy if the inflation outlook deteriorates significantly and persistently.
The Central Bank of the Philippines’ Monetary Board raised its target reverse repurchase rate by 50 basis points to 5.50%, citing broadening price pressures and upside inflation risks. Overnight deposit and lending facility rates were adjusted to 5.00% and 6.00%, respectively, with headline inflation expected to remain high in 2027 and approach the 3.0% target in 2028.
The Bank of Korea’s Monetary Policy Board unanimously held the Base Rate at 3.00% to assess domestic and external risks and the effects of earlier tightening. It maintained its signal of further increases amid strong growth and persistent inflation pressures, with timing and pace dependent on inflation, domestic economic developments and financial stability.
The National Bank of Georgia held its monetary policy rate at 8.25% amid persistent supply pressures and raised its 2026 inflation forecast to 5.4%. Inflation is expected to gradually converge towards the 3% target from the second half of 2027, with further moderate rate increases possible if the prolonged supply shock raises inflation expectations and amplifies second-round effects.
The Bank of Israel’s Monetary Committee held its interest rate at 3.25%, with annual inflation at 1.6% in September and economic activity growing amid high geopolitical uncertainty. The committee said the rate path would depend on inflation, economic activity, geopolitical uncertainty and fiscal developments.
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Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.