The Bank of Tanzania held the Central Bank Rate at 6.25% for the quarter ending December 2026 to contain underlying inflation while supporting growth and maintaining inflation within its 3%-5% medium-term target. Mainland inflation reached 4.3% in August, while the banking sector remained resilient and foreign exchange reserves exceeded USD 6 billion.
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.
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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 Tanzania held the Central Bank Rate at 6.25% for the quarter ending December 2026 to contain underlying inflation while supporting growth and maintaining inflation within its 3%-5% medium-term target. Mainland inflation reached 4.3% in August, while the banking sector remained resilient and foreign exchange reserves exceeded USD 6 billion.
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.
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Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.