Central banks by currency
How this is computed
Kresmion reads each policy rate from the BIS series or the bank's own register, dates the last change from the stored series, and computes the 12-month net change between two month-end levels; hiking, cutting and on hold are read off that net change. Polymarket prices are matched to a bank by its name and a rate question. Nothing here is a forecast by Kresmion.
- Each rate is the level the bank has set, from the BIS policy rate series or, where that series has stalled, the bank's own published register. BIS publishes policy rates with a lag of several days. A decision made this week may not show yet, except where a fresher official source is wired (marked in the Source column).
- The 12-month line in the table is the month-end policy rate over the same window, from the same series as the 12m net; the bars at the top are the rate in force now.
- The last move is dated to the day where the stored daily series reaches it, otherwise to the month it ended in.
- The 12m net is the change between the month-end level 12 months ago and the level now. Hiking, cutting and on hold are read off that net change, never off the direction of the last move.
- The next decision is shown only where Kresmion holds the bank's own calendar; elsewhere it reads "not published" and each bank's page links its calendar.
- Polymarket shows the highest price among the outcomes of the soonest open market on a single decision by that bank, matched by the bank's name and a rate question. Prices are crowd prices, not a forecast.
Policy rates now
highest first; colour = 12-month cycle; hover a bar, click to open its bankAs of 29 Oct 2026, of the 32 central banks behind the currencies tracked here, 11 have raised their policy rate on net over the last 12 months, 12 have cut and 9 are unchanged. The most recent change on record is Reserve Bank of India (INR), +25 bp to 5.50% on 7 Oct 2026.
As of . Sources: BIS central bank policy rates (WS_CBPOL), Federal Reserve Board (FOMC calendar), Polymarket (rate decision markets). Method and limitations.
All central banks
BIS WS_CBPOL and bank registers; Polymarket for decision markets; click a row for its bank| 12 months | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 🇹🇷TRYthe Central Bank of Turkey | Central Bank of Turkey | 37.00% | -100 bp | Jan 2026 | -350 bp | Cutting | not published | none | |
| 🇧🇷BRLthe Banco Central do Brasil | Banco Central do Brasil | 13.75% | -25 bp | 17 Sep 2026 | -125 bp | Cutting | not published | none | |
| 🇨🇴COPthe Banco de la Republica | Banco de la Republica | 12.25% | +25 bp | 1 Oct 2026 | +275 bp | Hiking | not published | none | |
| 🇮🇸ISKthe Central Bank of Iceland | Central Bank of Iceland | 8.00% | +25 bp | 19 Aug 2026 | +50 bp | Hiking | not published | none | |
| 🇿🇦ZARthe South African Reserve Bank | South African Reserve Bank | 7.25% | +25 bp | 25 Sep 2026 | +25 bp | Hiking | not published | none | |
| 🇲🇽MXNBanxico | Banco de Mexico | 6.50% | -25 bp | May 2026 | -100 bp | Cutting | not published | none | |
| 🇷🇴RONthe National Bank of Romania | Banca Nationala a Romaniei | 6.50% | -25 bp | Aug 2024 | 0 bp | On hold | not published | none | |
| 🇮🇩IDRBank Indonesia | Bank Indonesia | 5.75% | +50 bp | Jun 2026 | +100 bp | Hiking | not published | none | |
| 🇮🇳INRthe Reserve Bank of India | Reserve Bank of India | 5.50% | +25 bp | 7 Oct 2026 | -25 bp | Cutting | not published | none | |
| 🇭🇺HUFthe Magyar Nemzeti Bank | Magyar Nemzeti Bank | 5.50% | -25 bp | 26 Aug 2026 | -100 bp | Cutting | not published | none | |
| 🇵🇭PHPBangko Sentral ng Pilipinas | Bangko Sentral ng Pilipinas | 5.00% | +25 bp | 28 Aug 2026 | 0 bp | On hold | not published | none | |
| 🇦🇺AUDthe Reserve Bank of Australia | Reserve Bank of Australia | 4.60% | +25 bp | 30 Sep 2026 | +100 bp | Hiking | not published | none | |
| 🇳🇴NOKNorges Bank | Norges Bank | 4.50% | +25 bp | 25 Sep 2026 | +50 bp | Hiking | not published | none | |
| 🇨🇱CLPthe Banco Central de Chile | Banco Central de Chile | 4.50% | -25 bp | Dec 2025 | -25 bp | Cutting | not published | none | |
| 🇭🇰HKDthe Hong Kong Monetary Authority | Hong Kong Monetary Authority | 4.25% | +25 bp | 17 Sep 2026 | -25 bp | Cutting | not published | none | |
| 🇵🇪PENthe Banco Central de Reserva del Peru | Banco Central de Reserva del Peru | 4.25% | -25 bp | Sep 2025 | 0 bp | On hold | not published | none | |
| 🇺🇸USDthe Federal Reserve | Federal Reserve | 3.88% | +25 bp | 17 Sep 2026 | 0 bp | On hold | 9 Dec 2026 | 71% top outcome | |
| 🇬🇧GBPthe Bank of England | Bank of England | 3.75% | -25 bp | Dec 2025 | -25 bp | Cutting | not published | 98% top outcome | |
| 🇵🇱PLNNarodowy Bank Polski | Narodowy Bank Polski | 3.75% | -25 bp | Mar 2026 | -100 bp | Cutting | not published | none | |
| 🇨🇿CZKthe Czech National Bank | Czech National Bank | 3.75% | +25 bp | Jun 2026 | +25 bp | Hiking | not published | none | |
| 🇮🇱ILSthe Bank of Israel | Bank of Israel | 3.25% | -25 bp | 3 Sep 2026 | -125 bp | Cutting | not published | none | |
| 🇨🇳CNYthe People's Bank of China | People's Bank of China | 3.00% | -10 bp | May 2025 | 0 bp | On hold | not published | none | |
| 🇰🇷KRWthe Bank of Korea | Bank of Korea | 3.00% | +25 bp | 27 Aug 2026 | +50 bp | Hiking | not published | none | |
| 🇳🇿NZDthe Reserve Bank of New Zealand | Reserve Bank of New Zealand | 2.75% | +25 bp | 3 Sep 2026 | -25 bp | Cutting | not published | none | |
| 🇲🇾MYRBank Negara Malaysia | Bank Negara Malaysia | 2.75% | -25 bp | Jul 2025 | 0 bp | On hold | not published | none | |
| 🇪🇺EURthe ECB | European Central Bank | 2.50% | +25 bp | 16 Sep 2026 | +50 bp | Hiking | not published | none | |
| 🇨🇦CADthe Bank of Canada | Bank of Canada | 2.25% | -25 bp | Oct 2025 | 0 bp | On hold | not published | none | |
| 🇩🇰DKKDanmarks Nationalbank | Danmarks Nationalbank | 2.10% | +25 bp | 11 Sep 2026 | +50 bp | Hiking | not published | none | |
| 🇸🇪SEKthe Riksbank | Riksbank | 1.75% | -25 bp | Oct 2025 | 0 bp | On hold | not published | none | |
| 🇯🇵JPYthe Bank of Japan | Bank of Japan | 1.25% | +25 bp | 24 Sep 2026 | +75 bp | Hiking | not published | 0% top outcome | |
| 🇹🇭THBthe Bank of Thailand | Bank of Thailand | 1.00% | -25 bp | Feb 2026 | -50 bp | Cutting | not published | none | |
| 🇨🇭CHFthe Swiss National Bank | Swiss National Bank | 0.00% | -25 bp | Jun 2025 | 0 bp | On hold | not published | none |
- 🇺🇸 USDthe Federal Reserve3.88%+25 bp · 17 Sep 2026 · next 9 Dec 2026 · 71% top outcome0 bpOn hold
- 🇪🇺 EURthe ECB2.50%+25 bp · 16 Sep 2026+50 bpHiking
- 🇬🇧 GBPthe Bank of England3.75%-25 bp · Dec 2025 · 98% top outcome-25 bpCutting
- 🇯🇵 JPYthe Bank of Japan1.25%+25 bp · 24 Sep 2026 · 0% top outcome+75 bpHiking
- 🇨🇭 CHFthe Swiss National Bank0.00%-25 bp · Jun 20250 bpOn hold
- 🇨🇦 CADthe Bank of Canada2.25%-25 bp · Oct 20250 bpOn hold
- 🇦🇺 AUDthe Reserve Bank of Australia4.60%+25 bp · 30 Sep 2026+100 bpHiking
- 🇳🇿 NZDthe Reserve Bank of New Zealand2.75%+25 bp · 3 Sep 2026-25 bpCutting
- 🇸🇪 SEKthe Riksbank1.75%-25 bp · Oct 20250 bpOn hold
- 🇳🇴 NOKNorges Bank4.50%+25 bp · 25 Sep 2026+50 bpHiking
- 🇩🇰 DKKDanmarks Nationalbank2.10%+25 bp · 11 Sep 2026+50 bpHiking
- 🇨🇳 CNYthe People's Bank of China3.00%-10 bp · May 20250 bpOn hold
- 🇮🇳 INRthe Reserve Bank of India5.50%+25 bp · 7 Oct 2026-25 bpCutting
- 🇰🇷 KRWthe Bank of Korea3.00%+25 bp · 27 Aug 2026+50 bpHiking
- 🇭🇰 HKDthe Hong Kong Monetary Authority4.25%+25 bp · 17 Sep 2026-25 bpCutting
- 🇮🇩 IDRBank Indonesia5.75%+50 bp · Jun 2026+100 bpHiking
- 🇲🇾 MYRBank Negara Malaysia2.75%-25 bp · Jul 20250 bpOn hold
- 🇹🇭 THBthe Bank of Thailand1.00%-25 bp · Feb 2026-50 bpCutting
- 🇵🇭 PHPBangko Sentral ng Pilipinas5.00%+25 bp · 28 Aug 20260 bpOn hold
- 🇲🇽 MXNBanxico6.50%-25 bp · May 2026-100 bpCutting
- 🇧🇷 BRLthe Banco Central do Brasil13.75%-25 bp · 17 Sep 2026-125 bpCutting
- 🇨🇱 CLPthe Banco Central de Chile4.50%-25 bp · Dec 2025-25 bpCutting
- 🇨🇴 COPthe Banco de la Republica12.25%+25 bp · 1 Oct 2026+275 bpHiking
- 🇵🇪 PENthe Banco Central de Reserva del Peru4.25%-25 bp · Sep 20250 bpOn hold
- 🇿🇦 ZARthe South African Reserve Bank7.25%+25 bp · 25 Sep 2026+25 bpHiking
- 🇹🇷 TRYthe Central Bank of Turkey37.00%-100 bp · Jan 2026-350 bpCutting
- 🇮🇱 ILSthe Bank of Israel3.25%-25 bp · 3 Sep 2026-125 bpCutting
- 🇵🇱 PLNNarodowy Bank Polski3.75%-25 bp · Mar 2026-100 bpCutting
- 🇨🇿 CZKthe Czech National Bank3.75%+25 bp · Jun 2026+25 bpHiking
- 🇭🇺 HUFthe Magyar Nemzeti Bank5.50%-25 bp · 26 Aug 2026-100 bpCutting
- 🇷🇴 RONthe National Bank of Romania6.50%-25 bp · Aug 20240 bpOn hold
- 🇮🇸 ISKthe Central Bank of Iceland8.00%+25 bp · 19 Aug 2026+50 bpHiking
Cite this data
Kresmion reads each policy rate from the BIS series or the bank's own register, dates the last change from the stored series, and computes the 12-month net change between two month-end levels; hiking, cutting and on hold are read off that net change. Polymarket prices are matched to a bank by its name and a rate question. Nothing here is a forecast by Kresmion.
Upstream: BIS central bank policy rates (WS_CBPOL), Federal Reserve Board (FOMC calendar), Polymarket (rate decision markets)
Kresmion, "Kresmion central banks by currency", data as of 2026-10-29, https://kresmion.com/markets/forex/central-banks. Upstream data: BIS central bank policy rates (WS_CBPOL); Federal Reserve Board (FOMC calendar); Polymarket (rate decision markets).
Link to this data (HTML):
<a href="https://kresmion.com/markets/forex/central-banks">Kresmion central banks by currency (Kresmion)</a>