The National Bank of Serbia held its key policy rate at 5.75%, with deposit and lending facility rates unchanged at 4.5% and 7.0%, citing the inflation outlook and heightened external risks. Inflation is expected to remain within the 3% ±1.5 percentage point target band, while growth is projected at at least 3.2% in 2026 and around 4.5% in 2027.
The National Bank of Romania (NBR) kept its monetary policy rate at 6.50%, citing very high uncertainty and an expected rise in inflation through end-2026 despite recent disinflation and weak economic activity. It also maintained the Lombard and deposit facility rates at 7.50% and 5.50%, respectively, and existing minimum reserve requirement ratios.
The Central Reserve Bank of Peru held its reference rate at 4.25% in October, expecting inflation to return to target and converge near 2% as supply shocks fade. September headline and core inflation were both 4.5%, while risks from El Niño and Middle East tensions persisted.
The Central Bank of Kenya’s Monetary Policy Committee held the Central Bank Rate at 8.75% in October 2026, citing contained inflation expectations, exchange-rate stability, and an improved growth outlook. Inflation was 6.8% in September, within the 5%±2.5% target range, while the 2026 growth forecast was raised to 5.0% from 4.9%.
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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 National Bank of Serbia held its key policy rate at 5.75%, with deposit and lending facility rates unchanged at 4.5% and 7.0%, citing the inflation outlook and heightened external risks. Inflation is expected to remain within the 3% ±1.5 percentage point target band, while growth is projected at at least 3.2% in 2026 and around 4.5% in 2027.
The National Bank of Romania (NBR) kept its monetary policy rate at 6.50%, citing very high uncertainty and an expected rise in inflation through end-2026 despite recent disinflation and weak economic activity. It also maintained the Lombard and deposit facility rates at 7.50% and 5.50%, respectively, and existing minimum reserve requirement ratios.
The Central Reserve Bank of Peru held its reference rate at 4.25% in October, expecting inflation to return to target and converge near 2% as supply shocks fade. September headline and core inflation were both 4.5%, while risks from El Niño and Middle East tensions persisted.
The Central Bank of Kenya’s Monetary Policy Committee held the Central Bank Rate at 8.75% in October 2026, citing contained inflation expectations, exchange-rate stability, and an improved growth outlook. Inflation was 6.8% in September, within the 5%±2.5% target range, while the 2026 growth forecast was raised to 5.0% from 4.9%.
The Central Bank of Poland’s Monetary Policy Council kept interest rates unchanged, including the reference rate at 3.75%, amid higher inflation and uncertainty over economic activity. Consumer price inflation rose to 4.0% year on year in September, while the Council said future decisions would remain data-dependent and reiterated its readiness to intervene in the foreign exchange market.
The Bank of Albania held its base rate at 2.5% and maintained overnight deposit and lending rates at 1.5% and 3.5%, respectively, as inflation averaged 3.3% in July-August and second-quarter growth reached 3.6%. Higher commodity prices and geopolitical tensions have increased inflation risks, strengthening the case for data-dependent future tightening.
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.
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Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.