Central banks news.

ECB survey shows euro area banks tightening credit, loan demand falling

The ECB's October bank lending survey shows corporate credit standards tightened by a net 9% in the third quarter, above the 5% banks had expected, while housing loan demand slumped by a net 27%. The data complicate the central bank's rate path heading into December.

Dollar Index edges toward 102.00 ahead of packed central bank week

The US Dollar Index rose 0.24% to around 101.98 on Monday as investors positioned for rate decisions from five G10 central banks, including a Fed meeting on Wednesday widely expected to hold rates.

PBoC launches swap facility to back non-bank bond market liquidity

The People's Bank of China (PBoC) started a new Bond Market NBFI Swap Facility on Monday, giving selected non-bank financial institutions a backstop against sudden liquidity strains in bond holdings.

Five central banks decide rates this week, markets see few surprises

The RBNZ, Bank of Canada, Fed, ECB and BoJ all announce policy this week, with pricing pointing to hikes in New Zealand and Canada and holds elsewhere. Guidance on December is likely to matter more than the decisions themselves.

Bank of Canada seen hiking rates to 2.50% on Wednesday, first move in a year

Markets price an 81% probability the Bank of Canada raises its policy rate by 25 basis points to 2.50% this week after Governor Tiff Macklem signalled upward revisions to inflation forecasts. Economists remain split on whether the move is justified.

New Zealand’s central bank likely to lift rate to 3% this week

Economists broadly expect New Zealand's central bank to push its benchmark rate up by a quarter point to 3% on Wednesday, a third consecutive increase that should drive moves in NZD/USD and short-term yields.

Daiwa expects BOJ to hold rates but soften language, keeping December live

Economists at Daiwa Securities think the Bank of Japan will keep borrowing costs unchanged this month, yet may reframe its inflation outlook in a way that leaves a December rate increase firmly in play for yen and JGB traders.

ECB likely to hold rate at 2.50%, markets eye December for next hike

Policymakers are expected to leave the deposit rate at 2.50% on Thursday, with Morgan Stanley pointing to December as the more likely point for a further move. The decision matters for EUR/USD, eurozone bonds and the euro's path into year-end.

Economists split on timing of next Bank of Canada rate move

Analysts at Royal Bank of Canada and TD Securities diverge on whether the Bank of Canada will raise its overnight rate from 2.25% at its October 28 decision, with TD expecting further tightening by early 2026.

Japan’s core prices rise 2.1% in September, back above BoJ’s goal

Japan's core consumer prices rose 2.1% year-on-year in September, matching forecasts and climbing back above the Bank of Japan's 2% objective for the first time since December. The yen strengthened on the news.

ING: ECB Set to Pause on October 29 as French Yields Do the Tightening

ING's Carsten Brzeski thinks the European Central Bank will keep borrowing costs unchanged at next week's meeting, since climbing bond yields linked to France's budget turmoil are already delivering the equivalent of a rate increase.

Turkey’s central bank cuts rate by 100bp to 36%, lira risks flagged

The Central Bank of the Republic of Türkiye (CBRT) lowered its one-week repo rate by 100 basis points to 36%, extending its easing cycle after a softer September inflation reading. Commerzbank analyst Tatha Ghose warned the move raises depreciation risks for the Turkish lira (TRY).

South Korea’s central bank keeps rate at 3% after two straight hikes

The Bank of Korea left its policy rate unchanged at 3.00% on Thursday, taking a breather following consecutive increases in July and August, while elevated inflation and surging chip exports keep a further move on the table.

Philippine central bank raises key rate 50bp to 5.5%

The Bangko Sentral ng Pilipinas hiked its benchmark interest rate by 50 basis points to 5.5% on Thursday, a move twice as large as economists had expected, as it continues to fight inflation driven by high fuel prices.