The announcement by a central bank regarding the short-term interest rate at which it lends to commercial banks. This is the primary tool of monetary policy used to control inflation and stabilize the national economy. Changes in interest rates influence borrowing costs for consumers and businesses, affecting overall spending and investment levels.
Determined by the central bank's governing board after reviewing comprehensive economic data, including inflation trends, GDP growth, and employment figures. The decision is based on the bank's mandate to maintain price stability and support economic growth.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 23, 2026 | — | 7.25 | — |
| Jul 23, 2026 | 7.00 | 7.25 | -0.25 |
| May 28, 2026 | 7.00 | 7.00 | 0.00 |
| Mar 26, 2026 | 6.75 | 6.75 | 0.00 |
| Jan 29, 2026 | 6.75 | 6.75 | 0.00 |
| Nov 20, 2025 | 6.75 | 6.75 | 0.00 |
| Sep 18, 2025 | 7.00 | 7.00 | 0.00 |
| Jul 31, 2025 | 7.00 | 7.00 | 0.00 |
| May 29, 2025 | 7.25 | 7.25 | 0.00 |
| Mar 20, 2025 | 7.50 | 7.50 | 0.00 |
| Jan 30, 2025 | 7.50 | 7.50 | 0.00 |
| Nov 21, 2024 | 7.75 | 7.75 | 0.00 |
| Sep 19, 2024 | 8.00 | 8.00 | 0.00 |
| Jul 18, 2024 | 8.25 | 8.25 | 0.00 |
| May 30, 2024 | 8.25 | 8.25 | 0.00 |
| Mar 27, 2024 | 8.25 | 8.25 | 0.00 |
| Jan 25, 2024 | 8.25 | 8.25 | 0.00 |
| Nov 23, 2023 | 8.25 | 8.25 | 0.00 |
| Sep 21, 2023 | 8.25 | 8.25 | 0.00 |
| Jul 20, 2023 | 8.25 | 8.25 | 0.00 |
| May 25, 2023 | 8.25 | 8.00 | +0.25 |
| Mar 30, 2023 | 7.75 | 7.50 | +0.25 |
| Jan 26, 2023 | 7.25 | 7.50 | -0.25 |
| Nov 24, 2022 | 7.00 | 7.00 | 0.00 |
| Sep 22, 2022 | 6.25 | 6.25 | 0.00 |
| Jul 21, 2022 | 5.50 | 5.25 | +0.25 |
| May 19, 2022 | 4.75 | 4.75 | 0.00 |
| Mar 24, 2022 | 4.25 | 4.25 | 0.00 |
| Jan 27, 2022 | 4.00 | 4.00 | 0.00 |
| Nov 18, 2021 | 3.75 | 3.50 | +0.25 |
| Sep 23, 2021 | 3.50 | 3.50 | 0.00 |
