The Central Bank of Iceland’s Monetary Policy Committee (MPC) unanimously held the seven-day term deposit rate at 8.00% in October, citing inflation and inflation expectations that remain too high despite slowing economic activity. Headline inflation reached a two-year high of 5.9%, while underlying inflation remained just above 4%, although inflation is expected to decline fairly rapidly in 2027.
The Reserve Bank of India’s Monetary Policy Committee unanimously raised the policy repo rate by 25 basis points to 5.50% and adopted a calibrated-tightening stance, although two members preferred neutral. Citing broadening inflation pressures and resilient growth, the committee ruled out near-term cuts and said its next move would be a hike or pause.
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.
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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 Italy released Governor Fabio Panetta's speech for the 31st ASSIOM FOREX Congress in Turin, titled "The world economy between uncertainty and transformation," along with PDF, ePub, and video formats.
Central Bank of Jordan Governor Adel Sharkas, at the Jordan Banking Summit 2025, emphasized monetary stability with foreign reserves exceeding USD 21 billion and a capital increase to JOD 100 million. He noted a decrease in dollarization to 18.4%, inflation easing to 1.6%, and projected real GDP growth of 2.4% in 2024 and 2.7% in 2025, while highlighting export growth, tourism income, and foreign investment inflows.
Central Bank of Nicaragua President Ovidio Reyes projected 2025 GDP growth of 3–4%, inflation of 2–3%, and unemployment of 2–3%, with continued momentum in exports, credit, and deposits. Reyes highlighted 2024's broad-based economic performance, with growth at 3.5–4%, inflation at 2.8%, and unemployment at 2%, alongside record international reserves of USD 6.1 billion. For 2025, he anticipates 7% export growth in January and double-digit growth in credit and deposits, with budget savings exceeding NIO 5 billion.
Riksbank Deputy Governor Aino Bunge discussed Sweden's monetary policy, noting inflation near the 2% target but cautioning about January's unexpected rise. She highlighted the need for economic rebound amid foreign uncertainties and detailed upgrades to the RIX system for instant payments and broader connectivity. Bunge also addressed challenges in the payments market, including fraud and reliance on digital infrastructure, and emphasized the Riksbank's extended mandate to enhance payment systems.
Central Bank of Barbados Governor Dr. Kevin Greenidge, at the BIBA 2025 Economic Outlook Seminar, highlighted factors shaping Barbados' and the global economy, including growth, inflation, and financial sector dynamics. He noted inflation is slowing but prices aren't falling, and growth could exceed 3% with more investment. Inflation is projected between 1% and 2.5% for 2025, barring external shocks, with discussions also covering industry concerns and opportunities related to the OECD global minimum corporate tax agreement.
Sweden's Riksbank Deputy Governor Anna Seim stated that the central bank's recent policy rate cuts, totaling 1.75 percentage points over nine months, align with inflation targets. She emphasized the current rate's capacity to manage domestic economic fluctuations and global supply shocks, while affirming the Riksbank's readiness to adjust policy if necessary.
ECB President Christine Lagarde addressed the European Parliament, reaffirming the ECB's policy stance with inflation expected to align with projections and return to the 2% target this year. She noted a 125 basis point rate cut since June, bringing the deposit facility rate to 2.75%, and emphasized data-dependent decision-making. Lagarde highlighted modest 2024 growth, ongoing supply shocks, and the need for EU market integration, payments autonomy, and a digital euro to bolster resilience and innovation.
The Central Bank of Nicaragua's January 2025 monetary indicators highlight increases in gross international reserves and net foreign-exchange purchases, with year-on-year growth in all monetary aggregates. Currency in circulation rose 23.5%, while the monetary base contracted month-on-month due to central government operations. Local-currency instruments expanded liquidity by NIO 5,895.3 million, whereas foreign-currency instruments absorbed USD 33.6 million.
Bank of Canada Governor Tiff Macklem highlighted increased challenges for central banks in a shock-prone global economy, with structural changes and negative supply shocks complicating monetary policy. He noted that higher long-term interest rates, elevated sovereign debt, and weak productivity heighten vulnerability to shocks, exacerbated by trade protectionism and climate change. Macklem advocated for clearer communication on monetary policy limits, enhanced supply-side data analysis, and sustained international cooperation.
The European Central Bank (ECB) analyzed how unexpected US Federal Reserve policy changes affect the euro area and monetary policy. A surprise US tightening initially raises euro area inflation but reverses over time due to tighter US financial conditions and weaker demand. The ECB warns against mirroring US policy moves, as this could worsen medium-term impacts and affect its inflation target.
The Central Bank of Iceland released the Monetary Policy Committee's statement and Monetary Bulletin, accompanied by a webcast press conference led by key officials.
The Central Bank of Iceland released its quarterly Monetary Bulletin 2025/1, detailing economic and monetary developments, with updated inflation and macroeconomic forecasts included in the February edition.
The Central Bank of Iceland’s Monetary Policy Committee (MPC) unanimously held the seven-day term deposit rate at 8.00% in October, citing inflation and inflation expectations that remain too high despite slowing economic activity. Headline inflation reached a two-year high of 5.9%, while underlying inflation remained just above 4%, although inflation is expected to decline fairly rapidly in 2027.
The Reserve Bank of India’s Monetary Policy Committee unanimously raised the policy repo rate by 25 basis points to 5.50% and adopted a calibrated-tightening stance, although two members preferred neutral. Citing broadening inflation pressures and resilient growth, the committee ruled out near-term cuts and said its next move would be a hike or pause.
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 Central Bank of Colombia raised its monetary policy rate by 25 basis points to 12.25% by majority vote as headline and core inflation and near-term expectations increased. Headline inflation reached 6.2% in August, and future decisions will depend particularly on El Niño, earthquake recovery and fiscal policy measures.
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.
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 Bank of Italy released Governor Fabio Panetta's speech for the 31st ASSIOM FOREX Congress in Turin, titled "The world economy between uncertainty and transformation," along with PDF, ePub, and video formats.
Central Bank of Jordan Governor Adel Sharkas, at the Jordan Banking Summit 2025, emphasized monetary stability with foreign reserves exceeding USD 21 billion and a capital increase to JOD 100 million. He noted a decrease in dollarization to 18.4%, inflation easing to 1.6%, and projected real GDP growth of 2.4% in 2024 and 2.7% in 2025, while highlighting export growth, tourism income, and foreign investment inflows.
Central Bank of Nicaragua President Ovidio Reyes projected 2025 GDP growth of 3–4%, inflation of 2–3%, and unemployment of 2–3%, with continued momentum in exports, credit, and deposits. Reyes highlighted 2024's broad-based economic performance, with growth at 3.5–4%, inflation at 2.8%, and unemployment at 2%, alongside record international reserves of USD 6.1 billion. For 2025, he anticipates 7% export growth in January and double-digit growth in credit and deposits, with budget savings exceeding NIO 5 billion.
Riksbank Deputy Governor Aino Bunge discussed Sweden's monetary policy, noting inflation near the 2% target but cautioning about January's unexpected rise. She highlighted the need for economic rebound amid foreign uncertainties and detailed upgrades to the RIX system for instant payments and broader connectivity. Bunge also addressed challenges in the payments market, including fraud and reliance on digital infrastructure, and emphasized the Riksbank's extended mandate to enhance payment systems.
Central Bank of Barbados Governor Dr. Kevin Greenidge, at the BIBA 2025 Economic Outlook Seminar, highlighted factors shaping Barbados' and the global economy, including growth, inflation, and financial sector dynamics. He noted inflation is slowing but prices aren't falling, and growth could exceed 3% with more investment. Inflation is projected between 1% and 2.5% for 2025, barring external shocks, with discussions also covering industry concerns and opportunities related to the OECD global minimum corporate tax agreement.
Sweden's Riksbank Deputy Governor Anna Seim stated that the central bank's recent policy rate cuts, totaling 1.75 percentage points over nine months, align with inflation targets. She emphasized the current rate's capacity to manage domestic economic fluctuations and global supply shocks, while affirming the Riksbank's readiness to adjust policy if necessary.
ECB President Christine Lagarde addressed the European Parliament, reaffirming the ECB's policy stance with inflation expected to align with projections and return to the 2% target this year. She noted a 125 basis point rate cut since June, bringing the deposit facility rate to 2.75%, and emphasized data-dependent decision-making. Lagarde highlighted modest 2024 growth, ongoing supply shocks, and the need for EU market integration, payments autonomy, and a digital euro to bolster resilience and innovation.
The Central Bank of Nicaragua's January 2025 monetary indicators highlight increases in gross international reserves and net foreign-exchange purchases, with year-on-year growth in all monetary aggregates. Currency in circulation rose 23.5%, while the monetary base contracted month-on-month due to central government operations. Local-currency instruments expanded liquidity by NIO 5,895.3 million, whereas foreign-currency instruments absorbed USD 33.6 million.
Bank of Canada Governor Tiff Macklem highlighted increased challenges for central banks in a shock-prone global economy, with structural changes and negative supply shocks complicating monetary policy. He noted that higher long-term interest rates, elevated sovereign debt, and weak productivity heighten vulnerability to shocks, exacerbated by trade protectionism and climate change. Macklem advocated for clearer communication on monetary policy limits, enhanced supply-side data analysis, and sustained international cooperation.
The European Central Bank (ECB) analyzed how unexpected US Federal Reserve policy changes affect the euro area and monetary policy. A surprise US tightening initially raises euro area inflation but reverses over time due to tighter US financial conditions and weaker demand. The ECB warns against mirroring US policy moves, as this could worsen medium-term impacts and affect its inflation target.
The Central Bank of Iceland released the Monetary Policy Committee's statement and Monetary Bulletin, accompanied by a webcast press conference led by key officials.
The Central Bank of Iceland released its quarterly Monetary Bulletin 2025/1, detailing economic and monetary developments, with updated inflation and macroeconomic forecasts included in the February edition.