2026-10-23Fri
Market briefing
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2026-10-22Thu
The Bank of Korea holds at 3% but frames its next move as a hike, with September CPI at 2.9% and core at 2.8% still above target.
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2026-10-21Wed
The BOJ's Ueda commits to raising the policy rate from its current level to anchor inflation at the bank's target, reframing the reaction function rather than its level.
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2026-10-20Tue
The PBOC and eleven ministries redirect China's bank funding toward tech bonds as Q3 growth slips to 4.5% and fixed asset investment falls −7.2% .
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2026-10-19Mon
Lagarde refuses to look through an energy-driven shock, lifting ECB rates by a modest increment with headline inflation still well above target and core inflation also above it.
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2026-10-17Sat
Euro-area inflation rose to 3.8% in September, with energy the main driver, pricing out an ECB cut at the October meeting.
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2026-10-16Fri
India's balance of payments swings to a $45.4bn surplus as NRI deposits of $83bn rebuild the reserves the RBI has been draining.
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2026-10-15Thu
The Fed's easing path is priced off core CPI at 2.6% while headline runs at 3.7% , and China's government bond balances growing 13.7% show the state is now the marginal buyer of duration.
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2026-10-14Wed
The big picture, 2026-10-14
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2026-10-13Tue
The Bank of Japan's survey shows only 14.1% of households confident in the central bank, weakening the case for rate normalisation.
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2026-10-12Mon
The RBI's 25bp hike, with inflation seen at 5.8% , hardens the 10-year G-sec yield even as its liquidity drain draws bids far below target.
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2026-10-10Sat
The RBI sells dollars directly to India's three state oil refiners and locks banks into 99% daily reserve maintenance, moving the oil import bill onto its own balance sheet.
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2026-10-09Fri
The ECB raised its deposit rate to 2.5% as energy inflation hit 14.3% , and the euro area's 2026 deficit widens to 3.6% of GDP .
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2026-10-08Thu
The Fed lifts its target range to 4% with PCE at 3.8% , tightening into an AI data-center bond boom the Dallas Fed blames for the term premium.
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2026-10-07Wed
The SARB lifts its policy rate to 7.25% as Türkiye's energy CPI runs at 46.11% , two central banks now fighting a price shock that has moved past the headline.
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2026-10-06Tue
The Bank of Mongolia cuts its medium-term inflation target to 5% from 6% and asks parliament to recapitalise it, moving the cost of its mortgage and price-stabilisation programmes onto the sovereign balance sheet.
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2026-10-05Mon
The RBI's overnight drain finally fills to target, anchoring the overnight rate at the reverse repo floor as banks bid above the notified amount for the first time in this cycle.
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2026-10-03Sat
The big picture, 2026-10-03
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2026-10-02Fri
The SNB cuts its minimum provision allocation to 8% from 10% , releasing profit to the Confederation and cantons sooner.
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2026-10-01Thu
The big picture, 2026-10-01
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2026-09-30Wed
Beijing pays 1% a year on new first-home mortgages of up to 120 m² , putting the subsidy straight into borrowers' monthly interest rather than banks' funding cost.
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2026-09-29Tue
The ECB extends full-allotment funding at parity with the MRO rate into the fourth quarter as banks term out against balance-sheet run-off.
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2026-09-28Mon
The BOJ holds its uncollateralized overnight call rate at 1% but trims monthly JGB purchases to ¥2.5trn , signalling faster hikes as services prices accelerate.
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2026-09-26Sat
Japan's 10-year yield briefly climbed to a level unseen in about thirty years after the BOJ raised its policy rate.
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2026-09-25Fri
The ECB raises its deposit rate to 2.5% as energy inflation hits 14.3% , keeping policy tight even as its balance sheet run-off drains bank liquidity.
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2026-09-24Thu
Azerbaijan's central bank cut its corridor floor to 5% while holding the discount rate at 6.5% , easing policy even as annual inflation runs at 5.7% .
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2026-09-23Wed
The Fed's hike to 4% drove the 10-year Treasury to 5% and the 10-year Bund to 3.52% , its highest since 2009.
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2026-09-22Tue
The NBU raises its key rate to 16% as inflation of 8.1% and a financing shortfall force Kyiv to defend the currency without reliable aid.
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2026-09-21Mon
The RBI absorbed ₹−331,731 crore in net liquidity, forcing banks to bid up term triparty repo to ₹512,947.3 crore .
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2026-09-19Sat
The Bank of Japan raised its uncollateralized overnight call rate to 1.25% , extending the hiking cycle into a policy rate last seen in the 1990s.
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2026-09-18Fri
The Bank of England holds Bank Rate at 3.75% and runs its gilt stock to zero by 2034, adding a supply channel to an energy-driven inflation fight.
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2026-09-17Thu
The Fed's September dot plot lifts the 2026 median federal funds rate to 4.1% and the longer-run rate to 3.2% , delaying the descent to neutral.
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2026-09-16Wed
Germany's contribution rate climbs to 47.7% by 2035 as the labour force shrinks to 45.1 million persons , and long-end yields rise on term premia the state cannot refinance away.
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2026-09-15Tue
The SNB's sectoral countercyclical capital buffer is pinned at 2.5% , its legal maximum since 2022, leaving Switzerland no macroprudential room to lean against credit and real-estate risk.
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2026-09-14Mon
No fiscal or monetary decision reached the wire over the weekend; the only material to arrive was routine central bank housekeeping.
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2026-09-13Sun
Lagarde pins the ECB's refusal to cut on an energy shock that keeps euro-area inflation at 3.3% , while US tariffs have already cut euro-area exports by nearly a fifth.
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2026-09-12Sat
The ECB's September projections put euro-area HICP inflation at 3% in 2026, driven by energy at 9.3% rather than demand, as the interest rate-growth differential narrows to −0.8% .
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2026-09-11Fri
The ECB raised rates 25bp as its own assumptions revise gas up 20% and electricity up 50% , keeping inflation above target through 2027.
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2026-09-10Thu
The Bank of England holds Bank Rate at 3.75% as insurance against a Gulf energy shock, with an MPC member's neutral rate estimate at 3% .
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2026-09-09Wed
The ECB's push for a banking union to fund EU investment clashes with Germany's fiscal restraint and rising Bund yields.
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2026-09-08Tue
The UK's discount rate cut and Japan's yield surge both signal a repricing of long-duration public and private assets.
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2026-09-07Mon
The BoJ's shrinking monetary base signals tighter liquidity, pressuring JGB pricing and short-term rates.
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2026-09-06Sun
Indonesia's trade balance flipped to deficit as oil and gas exports fell to $1.07bn , pressuring the rupiah and fiscal accounts.
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2026-09-05Sat
Central banks diverge as Japan and India hold or hike while Turkey and Kazakhstan ease — the inflation fight is no longer synchronized.
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2026-09-04Fri
Central banks signal readiness to tighten as inflation proves sticky, with the Fed's Waller and the BoE's Pill both leaning hawkish.
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2026-09-03Thu
Central banks diverge as the Fed's risk-management tilt steadies term premia while the Bank of Korea hikes to a level not seen in years.
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2026-09-02Wed
Central banks anchor policy to supply shocks and fiscal constraints as the ECB's energy-driven inflation and Finland's EDP collide.
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2026-09-01Tue
Hyperscalers' euro bond issuance nears 10% of NFC gross issuance, reshaping the euro corporate bond market.
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2026-08-31Mon
The US Treasury's proposed special measure on Banque Misr's UAE branches threatens to sever dollar clearing for a key Egyptian bank.
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2026-08-30Sun
Indonesia's import surge flips its trade balance into deficit, pressuring the rupiah and external debt servicing.
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2026-08-29Sat
Warsh's debut breaks the Fed's forward guidance, forcing markets to price policy without a path.
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2026-08-28Fri
Norges Bank's rate path diverges further from peers as the ECB holds against an energy shock.
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2026-08-27Thu
The ECB's AI adoption data shows uneven gains, yet the SNB's macroprudential cap binds, limiting policy headroom.
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2026-08-26Wed
Tokenized deposits threaten banks' maturity transformation, with a double-digit duration cut shrinking capacity by $580bn .
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2026-08-25Tue
Central banks across four continents are redefining their operating frameworks, with the RBA, SNB, CBRT and Riksbank all signalling shifts in how they manage liquidity and rates.
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2026-08-24Mon
The weekend brought only routine central bank and statistical releases, leaving the week's direction to scheduled data and policy signals.
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2026-08-23Sun
S&P's upgrade of Kazakhstan to BBB signals fiscal credibility gains, while productivity and tax research reshape inflation and volatility assumptions.
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2026-08-22Sat
Russia's digital ruble launch on September 1 puts the central bank at the center of payment modernization, with 12 systemic banks covering 80% of the market.
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2026-08-21Fri
Foreigners' record ¥1.25 trillion weekly JGB sell-off pressures yields as the ECB's revised Supercore gauge turns more cyclical.
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2026-08-20Thu
ECB's Lagarde warns Europe's growth model erodes as euro-area inflation hits 2.9%, complicating policy.
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2026-08-19Wed
The Treasury's stablecoin rule extends U.S. jurisdiction extraterritorially, with fines up to $1 million per violation.
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2026-08-18Tue
The investment landscape is increasingly defined by a single risk: the AI-driven stock market boom, which the ECB warns is vulnerable to a correction, with euro area households holding around €440 billion in US tech equities via funds.
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2026-08-17Mon
Australia's housing market is set for a sharper slowdown than any external forecast has suggested, with the RBA's own scenario putting housing credit growth at 3.5% from 7.8% and prices 2-5% lower relative to no policy change.
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2026-08-16Sun
Peru's 12-month inflation expectation rose to 3.01% in July from 2.83% in June, while the 24-month expectation held at 2.43%, according to the BCRP survey.
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2026-08-15Sat
Global food prices rose 0.6% in July to 131.1 points, with wheat up 5.8% on Black Sea disruptions and heatwaves, compounding the inflationary shock from El Niño and Middle East conflict.
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2026-08-14Fri
Euro area inflation is diverging, with Dutch CPI accelerating to 3.2% in July from 2.9% in June, now above the euro area average of 2.9%, while the ECB's June hike to 2.25% was already a response to May's 3.2% peak.
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2026-08-13Thu
The day's narrative is dominated by a strengthening El Niño, now with a 90% chance of a very strong event, which compounds the inflationary shock from the Middle East conflict.
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