The Central Bank of the Dominican Republic (BCRD) raised its monetary policy rate by 25 basis points to 5.50% in September 2026 to anchor inflation expectations and limit second-round effects from persistent supply shocks. Headline inflation eased to 5.13% in August and is expected to return to the 4.0% ± 1.0% target range in the fourth quarter, while 2026 economic growth is projected at around 4.5%.
The Bank of Zambia’s Monetary Policy Committee cut the Monetary Policy Rate by 250 basis points to 10.75% in September 2026, citing lower inflation and support for financing and growth. Inflation fell to 6.1%, within the 6% to 8% target band, while future decisions will reflect inflation and financial stability risks.
The Bank of Mozambique held the MIMO policy rate at 9.25% and approved an 18-month reserve requirement regime allowing banks to deduct eligible local-currency financing for import substitution or export growth, priced at MIMO plus up to 150 basis points. Annual inflation slowed to 6.5% in August, while the economic recovery remained weak and climate and geopolitical risks elevated.
The Central Bank of Sri Lanka held the Overnight Policy Rate at 8.75%, judging that the effects of its May tightening and other measures had largely materialised. Headline inflation reached 8.0% in August and is expected to remain in high single digits through the first quarter of 2027 before easing toward the 5% target, with the central bank remaining data-dependent amid geopolitical and climate-related risks.
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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 Reserve Bank of Australia identified the recent oil price shock from the Middle East conflict as an upside risk to its February inflation outlook, central to the Board's next rate discussion. Deputy Governor Andrew Hauser noted that higher oil prices could elevate inflation but might also weaken activity and tighten financial conditions. The Board will consider this alongside domestic indicators like lower unemployment and 2.6% GDP growth, with formal updated forecasts expected in May.
At the "Asia 2050" conference, People's Bank of China Vice Governor Xuan Changneng highlighted challenges for Asian central banks, emphasizing the need for enhanced economic resilience and improved monetary policy frameworks. He noted China's steady growth, stable employment, and ongoing infrastructure upgrades, while reiterating the PBOC's commitment to a moderately loose monetary policy focused on price-based tools and potential liquidity support for non-bank institutions.
The Central Bank of Iraq confirmed its foreign reserves and financial buffers are at safe levels, covering 12 months of imports, after a Board review. Priorities include maintaining reserve strength, ensuring public salary payments, supporting banking sector liquidity, and facilitating external transfers. The assessment also addressed banking system liquidity, money supply, and financial stability amid regional and international economic risks.
At the 2026 US Monetary Policy Forum, Reserve Bank of Australia's Deputy Governor Andrew Hauser assessed the US dollar's safe-haven status, noting gradual changes rather than a decisive shift, with the dollar remaining dominant. Despite Moody's downgrade and inconsistent hedging in recent risk-off episodes, the dollar's reliability in funding-stress events and market resilience were emphasized. Official reserves are diversifying away from the dollar, yet foreign investors continue to buy US assets, with recent inflows shifting towards equities over debt.
ECB Executive Board member Isabel Schnabel defended the price stability-first mandate at the 2026 US Monetary Policy Forum, emphasizing its importance amid supply-side shocks. She highlighted risks from tight labour markets and energy price spikes, projecting euro area inflation at 2% over the medium term. Schnabel also discussed AI's potential impact on productivity and interest rates, advocating a data-driven approach to monitor inflationary pressures.
Federal Reserve Bank of Cleveland President Beth Hammack emphasized at the 2026 US Monetary Policy Forum that the US dollar's international role is supported by the rule of law, deep capital markets, and an independent central bank. She suggested maintaining current monetary policy as inflation decreases and the labor market stabilizes, while acknowledging "two-sided risks to rates." Hammack highlighted the importance of Federal Reserve independence and accountability to Congress in maintaining global confidence and supporting the dollar.
The Central Bank of the United Arab Emirates affirmed the resilience and stability of the UAE banking and financial sector, citing a capital adequacy ratio of 17% and a liquidity coverage ratio above 146.6%. Total sector assets exceed AED 5.42 trillion, with effective risk management and business continuity frameworks in place. The central bank will continue monitoring financial stability and liquidity indicators to ensure uninterrupted services.
National Bank of Hungary Governor Mihály Varga emphasized the central bank's focus on stability and trust, citing reduced inflation, a stronger forint, and record-high international reserves of nearly EUR 60 billion. Varga attributed the decline in domestic inflation from 5.6% to 2.1% to effective monetary policy and government measures. He also noted the banking system's stability and potential for increased lending amid favorable conditions.
Sveriges Riksbank's Executive Board addressed the Riksdag Committee on Finance, discussing 2025 operations and current monetary policy. Key points included a policy rate of 1.75% to support economic activity, operational measures for payment system preparedness, and a new deposit requirement for Swedish credit institutions. The Board also noted inflation near target, easing interest rates, and geopolitical tensions impacting policy considerations.
ECB Executive Board member Philip R. Lane told the Financial Times that current monetary policy is appropriate despite inflation forecasts below the 2% target. He noted stronger-than-expected euro area growth driven by business investment, AI, and the green transition, with energy deflation affecting headline inflation. Lane identified external shocks, like energy price swings and geopolitical events, as primary inflation risks, with the ECB monitoring Middle East conflict developments.
The National Bank of Serbia's Governor Jorgovanka Tabaković addressed the 33rd Kopaonik Business Forum, highlighting 2025 macro-financial developments and February projections. Key points included inflation within the target band, a stable dinar-euro exchange rate, and robust foreign exchange and gold reserves. The 2026 outlook projects inflation within target, GDP growth at 3.5%, and a current account deficit below 5.5% of GDP.
The Monetary Authority of Singapore (MAS) is closely monitoring the Middle East situation and its potential impact on Singapore's economy and financial system. MAS confirmed normal functioning of foreign exchange and money markets, with the Singapore dollar nominal effective exchange rate within its appreciating policy band. MAS reiterated its readiness to address risks to medium-term price stability as needed.
The Central Bank of the Dominican Republic (BCRD) raised its monetary policy rate by 25 basis points to 5.50% in September 2026 to anchor inflation expectations and limit second-round effects from persistent supply shocks. Headline inflation eased to 5.13% in August and is expected to return to the 4.0% ± 1.0% target range in the fourth quarter, while 2026 economic growth is projected at around 4.5%.
The Bank of Zambia’s Monetary Policy Committee cut the Monetary Policy Rate by 250 basis points to 10.75% in September 2026, citing lower inflation and support for financing and growth. Inflation fell to 6.1%, within the 6% to 8% target band, while future decisions will reflect inflation and financial stability risks.
The Bank of Mozambique held the MIMO policy rate at 9.25% and approved an 18-month reserve requirement regime allowing banks to deduct eligible local-currency financing for import substitution or export growth, priced at MIMO plus up to 150 basis points. Annual inflation slowed to 6.5% in August, while the economic recovery remained weak and climate and geopolitical risks elevated.
The Central Bank of Sri Lanka held the Overnight Policy Rate at 8.75%, judging that the effects of its May tightening and other measures had largely materialised. Headline inflation reached 8.0% in August and is expected to remain in high single digits through the first quarter of 2027 before easing toward the 5% target, with the central bank remaining data-dependent amid geopolitical and climate-related risks.
The Reserve Bank of Australia unanimously raised the cash rate target by 25 basis points to 4.60% on 29 September, citing persistently high inflation and materialising upside risks despite signs of slowing growth. It signalled further tightening if needed, guided by incoming data and evolving risks.
The Bank of Jamaica (BOJ) unanimously raised its policy rate by 50 basis points to 6.0% from September 29, 2026, to limit second-round inflation effects amid elevated commodity and agricultural prices. Headline inflation reached 7.9% in August, above the 4.0%-6.0% target range for a third consecutive month, and is expected to return to target by mid-2027.
The Reserve Bank of Zimbabwe’s Monetary Policy Committee cut the Bank policy rate by 250 basis points to 27.5% with immediate effect, describing the move as a realignment rather than monetary easing. It also lowered the Targeted Finance Facility rate to 12.5% and capped banks’ all-inclusive on-lending rate to productive sectors at 22.5%, while leaving statutory reserve requirements unchanged.
The Bank of Mexico unanimously held the overnight interbank interest rate target at 6.50%, citing continued disinflation, expected economic slack and limited demand pressures, while maintaining an upward bias in inflation risks. Headline inflation is projected to converge to the 3% target in the fourth quarter of 2027.
Access Regxplora on the go with our new iOS app.
Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.
The Reserve Bank of Australia identified the recent oil price shock from the Middle East conflict as an upside risk to its February inflation outlook, central to the Board's next rate discussion. Deputy Governor Andrew Hauser noted that higher oil prices could elevate inflation but might also weaken activity and tighten financial conditions. The Board will consider this alongside domestic indicators like lower unemployment and 2.6% GDP growth, with formal updated forecasts expected in May.
At the "Asia 2050" conference, People's Bank of China Vice Governor Xuan Changneng highlighted challenges for Asian central banks, emphasizing the need for enhanced economic resilience and improved monetary policy frameworks. He noted China's steady growth, stable employment, and ongoing infrastructure upgrades, while reiterating the PBOC's commitment to a moderately loose monetary policy focused on price-based tools and potential liquidity support for non-bank institutions.
The Central Bank of Iraq confirmed its foreign reserves and financial buffers are at safe levels, covering 12 months of imports, after a Board review. Priorities include maintaining reserve strength, ensuring public salary payments, supporting banking sector liquidity, and facilitating external transfers. The assessment also addressed banking system liquidity, money supply, and financial stability amid regional and international economic risks.
At the 2026 US Monetary Policy Forum, Reserve Bank of Australia's Deputy Governor Andrew Hauser assessed the US dollar's safe-haven status, noting gradual changes rather than a decisive shift, with the dollar remaining dominant. Despite Moody's downgrade and inconsistent hedging in recent risk-off episodes, the dollar's reliability in funding-stress events and market resilience were emphasized. Official reserves are diversifying away from the dollar, yet foreign investors continue to buy US assets, with recent inflows shifting towards equities over debt.
ECB Executive Board member Isabel Schnabel defended the price stability-first mandate at the 2026 US Monetary Policy Forum, emphasizing its importance amid supply-side shocks. She highlighted risks from tight labour markets and energy price spikes, projecting euro area inflation at 2% over the medium term. Schnabel also discussed AI's potential impact on productivity and interest rates, advocating a data-driven approach to monitor inflationary pressures.
Federal Reserve Bank of Cleveland President Beth Hammack emphasized at the 2026 US Monetary Policy Forum that the US dollar's international role is supported by the rule of law, deep capital markets, and an independent central bank. She suggested maintaining current monetary policy as inflation decreases and the labor market stabilizes, while acknowledging "two-sided risks to rates." Hammack highlighted the importance of Federal Reserve independence and accountability to Congress in maintaining global confidence and supporting the dollar.
The Central Bank of the United Arab Emirates affirmed the resilience and stability of the UAE banking and financial sector, citing a capital adequacy ratio of 17% and a liquidity coverage ratio above 146.6%. Total sector assets exceed AED 5.42 trillion, with effective risk management and business continuity frameworks in place. The central bank will continue monitoring financial stability and liquidity indicators to ensure uninterrupted services.
National Bank of Hungary Governor Mihály Varga emphasized the central bank's focus on stability and trust, citing reduced inflation, a stronger forint, and record-high international reserves of nearly EUR 60 billion. Varga attributed the decline in domestic inflation from 5.6% to 2.1% to effective monetary policy and government measures. He also noted the banking system's stability and potential for increased lending amid favorable conditions.
Sveriges Riksbank's Executive Board addressed the Riksdag Committee on Finance, discussing 2025 operations and current monetary policy. Key points included a policy rate of 1.75% to support economic activity, operational measures for payment system preparedness, and a new deposit requirement for Swedish credit institutions. The Board also noted inflation near target, easing interest rates, and geopolitical tensions impacting policy considerations.
ECB Executive Board member Philip R. Lane told the Financial Times that current monetary policy is appropriate despite inflation forecasts below the 2% target. He noted stronger-than-expected euro area growth driven by business investment, AI, and the green transition, with energy deflation affecting headline inflation. Lane identified external shocks, like energy price swings and geopolitical events, as primary inflation risks, with the ECB monitoring Middle East conflict developments.
The National Bank of Serbia's Governor Jorgovanka Tabaković addressed the 33rd Kopaonik Business Forum, highlighting 2025 macro-financial developments and February projections. Key points included inflation within the target band, a stable dinar-euro exchange rate, and robust foreign exchange and gold reserves. The 2026 outlook projects inflation within target, GDP growth at 3.5%, and a current account deficit below 5.5% of GDP.
The Monetary Authority of Singapore (MAS) is closely monitoring the Middle East situation and its potential impact on Singapore's economy and financial system. MAS confirmed normal functioning of foreign exchange and money markets, with the Singapore dollar nominal effective exchange rate within its appreciating policy band. MAS reiterated its readiness to address risks to medium-term price stability as needed.