Policy rates around the world
Seven central banks, every move since 2000, checked against official sources. Data as of 7 Oct 2026.
Hikes and cuts each quarter across all seven banks
4 of 7 central banks raised rates in the last 90 days (ECB, Fed, RBA, RBI), and one cut (BCB). That is the widest tightening turn since October 2023.
Hikes in the quarterCuts in the quarterThis quarter
Latest moves
6 moves in the last 90 days. The latest: the RBI’s hike to 5.50% today.
Where every bank stands
Four tightening, one easing and two on hold. Policy rates run from 2.25% at the BoC to 13.75% at the BCB.
BrazilBanco Central do Brasil |
13.75%Selic target | −25Sep 2026 | −125 | Easing since Mar 2026 | +975 |
IndiaReserve Bank of India |
5.50%Policy repo rate | +25Oct 2026 | ±0 | Tightening since Oct 2026 | +150 |
AustraliaReserve Bank of Australia |
4.60%Cash rate target | +25Sep 2026 | +100 | Tightening since Feb 2026 | +60 |
United StatesFederal Reserve |
3.75–4.00%Federal funds target | +25Sep 2026 | −25 | Tightening since Sep 2026 | Benchmark |
United KingdomBank of England |
3.75%Bank Rate | −25Dec 2025 | −25 | On hold for 10 months | −25 |
Euro areaEuropean Central Bank |
2.50%Deposit facility rate | +25Sep 2026 | +50 | Tightening since Jun 2026 | −150 |
CanadaBank of Canada |
2.25%Overnight rate target | −25Oct 2025 | −25 | On hold for 11 months | −175 |
Upcoming decisions
Next up: the Fed on Oct 28, 2026, in 21 days.
Federal ReserveFederal funds target
Reserve Bank of IndiaPolicy repo rate
Federal ReserveFederal funds target
Federal ReserveFederal funds target
Calendars for the ECB, Bank of England, Bank of Canada, RBA and BCB are being added.