Global Central Bank Monitor
Recent monetary policy moves
This story was originally published at 16:36 IST on 19 December 2025
Register to read our real-time news.Informist, Friday, Dec. 19, 2025
NEW DELHI – Following is a summary of decisions by key central banks this week till Friday:
BANK OF ENGLAND
The Bank of England's Monetary Policy Committee Thursday voted 5-4 to lower the benchmark interest rate by 25 basis points to 3.75%. The was the central bank's fourth and last interest rate cut of 2025.
EUROPEAN CENTRAL BANK
The European Central Bank Thursday left interest rates unchanged. The interest rates on the deposit facility, the main refinancing operations, and the marginal lending facility remained unchanged at 2.00%, 2.15%, and 2.40%, respectively.
BANK INDONESIA
Bank Indonesia Wednesday left its benchmark seven-day reverse repo rate unchanged at 4.75%. The decision was on expected lines. This was the third straight meeting when the central bank has kept rates unchanged.
BANK OF JAPAN
The Bank of Japan Friday raised the overnight call rate by 25 basis points to 0.75%, in the first rate hike since January. At 0.75%, interest rates in Japan are at a 30-year-high. The central bank signalled it may continue to raise rates if growth and inflation turn out to be as per projections.
BANCO DE MEXICO
The Bank of Mexico's governing board Thursday lowered the benchmark interest rate by 25 bps to 7%, the lowest level in more than three years. Four of the five members of the central bank's board voted for a 25-bps rate cut.
CENTRAL BANK OF RUSSIA
Russia's central bank Friday lowered its benchmark interest rate by 50 bps to 16%. The central bank said it will maintain monetary conditions as tight as required to return inflation to the target of 4% from 6.6% in November.
BANK (rate) | POLICY RATE | MOVE AT LAST MEET | PREVIOUS MOVE ON RATES |
Reserve Bank of Australia (Cash rate) | 3.60% | –-(Dec. 9) | –-(Nov. 4) |
Banco Central do Brasil (Selic rate) | 15.00% | –-(Dec. 11) | –-(Nov. 5) |
Bank of Canada (Overnight rate) | 2.25% | --(Dec. 10) | (-)25 bps (Oct. 29) |
The People's Bank of China (Seven-day reverse repo rate) | 1.40% | –-(Sept. 18) | (-)10 bps (May 8) |
Bank of England (Bank rate) | 3.75% | (-)25 bps (Dec. 18) | --(Nov. 6) |
European Central Bank (Deposit rate) | 2.00% | --(Dec. 18) | --(Oct. 30) |
Reserve Bank of India (Repo rate) | 5.25% | (-)25 bps (Dec. 5) | --(Oct. 1) |
Bank Indonesia (BI 7-day reverse repo rate) | 4.75% | --(Dec. 17) | --(Nov. 19) |
Bank of Japan (Overnight call rate) | 0.75% | +25 bps (Dec. 19) | --(Oct. 30 |
Bank Negara Malaysia (Overnight Policy Rate) | 2.75% | --(Nov. 6) | –-(Sept. 4) |
Banco de Mexico (Overnight interbank funding rate) | 7.00% | (-) 25 bps (Dec. 18) | (-) 25 bps (Nov. 7) |
Central Bank of Russia (Key rate) | 16.00% | (-)50 bps (Dec. 19) | (-)50 bps (Oct. 24) |
Saudi Arabian Monetary Authority (Repo rate) | 4.25% | (-)25 bps (Dec. 10) | (-)25 bps (Oct. 29) |
South African Reserve Bank (Repo rate) | 6.75% | (-) 25 bps (Nov. 20) | --(Sept. 18) |
Bank of Korea (Base rate) | 2.50% | --(Nov. 26) | --(Oct. 23) |
Swiss National Bank (Sight deposit rate) | 0.00% | --(Dec. 11 ) | --(Sept. 25) |
TCMB (Turkey) (1-week repo) | 38.0% | (-)150 bps (Dec. 11) | (-)100 bps (Oct. 23) |
US Federal Reserve (Federal funds rate) | 3.50-3.75% | (-)25 bps (Dec. 11) | (-)25 bps (Oct. 29) |
End
Compiled by Shubham Rana
Filed by Vandana Hingorani
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
