Monetary Policy
Hiking Into an Oil Shock: Where the Case for Higher Rates Holds, and Where It Doesn't
Four major central banks decide policy between 28 and 30 October 2026, with headline inflation at 3.7% in the United States, 3.8% in the euro area and 3.1% in Canada. The Fed and the ECB have each raised rates this year, and the Bank of Japan raised its policy rate to around 1.25% in September.
23 Oct
Monetary Policy
Fed Hikes Rates to 3.75%–4.00%, First Increase Since 2023 — And Signals More Ahead
The US Federal Reserve raised its benchmark rate by 25 basis points to a range of 3.75%–4.00% on September 16, its first increase since 2023 and a unanimous 12-0 decision.
17 Sept
Monetary Policy
Fed Minutes Show 9-3 Hawkish Split as Officials Warn a Rate Hike 'Would Likely Be Necessary' If Inflation Persists
Minutes from the Fed's July 28-29 meeting, released August 19, confirm the FOMC held its benchmark rate at 3.50%-3.75% on a 9-3 vote, the most divided decision in years.
10 Sept
Monetary Policy
Philippine Central Bank Raises Key Rate to 5.00% in Third Straight Hike
The Bangko Sentral ng Pilipinas (BSP) raised its Target Reverse Repurchase Rate by 25 basis points to 5.00% on August 27, 2026, effective August 28.
7 Sept
Monetary Policy
Bank Indonesia Holds BI-Rate at 5.75% for a Second Straight Month Amid Middle East-Linked Volatility
Bank Indonesia's Board of Governors held the BI-Rate at 5.75% at its August 18-19, 2026 meeting — the second straight hold following a rate-hiking cycle earlier in 2026 — keeping the deposit facility rate at 4.75% and the lending facility rate at 6.50%.
4 Sept