Harare skyline, including the Reserve Bank of Zimbabwe tower in the centre Zimbabwe’s central bank lowered its policy rate by 20 percentage points, to 130%, on October 23. This is the first change to the policy rate since June, when Zimbabwe devalued its currency and raised its rate 1,000 basis points. According to official statistics, … Read more
Central Bank of Argentina The Central Bank of Argentina (BCRA) ordered another large increase in its policy rate on October 12, as inflation jumped and the national currency shrivelled on informal markets. Policy-makers raised the Leliq rate by 15 percentage points to 133%. Since January 2022, the central bank has more than tripled its policy … Read more
The Swiss National Bank (SNB) surprised markets by keeping rates unchanged after its monetary policy meeting today (September 21). As a result, the policy rate remains at 1.75%. This puts an end to a series of five consecutive rate increases the SNB started in June 2022, when the policy rate stood at -0.75%. “The significant … Read more