Fed Expected to Hold at 3.75% to 4% as Hot Inflation Keeps December Hike in Play
Six weeks after its first increase since 2023, the Warsh-led Fed weighs a pause against September's jump in consumer prices.
Central Banks
Federal ReserveAnalysis
- Federal Reserve
Fed Holds Rates at 3.75% to 4% in 10-2 Vote as Warsh Plans Fewer Rate Decisions
Lisa Cook and Beth Hammack wanted a hike, markets still see one in December, and in 2027 the Fed will set rates at only seven of its eight meetings.
- People's Bank of China
PBOC Makes 1.25% Overnight Rate Its Main Policy Rate, Injects 541 Billion Yuan on Day One
China's central bank now steers money markets with daily one-day loans priced 15 basis points below the old seven-day benchmark, a step analysts call a de facto cut.
- Central BanksAnalysis
Asia's Central Banks Swing to Tightening in 2026 as Energy Costs Lift Prices
From Jakarta to Tokyo, policymakers have raised rates or tightened currency settings this year. China is the main exception.
- Federal Reserve
Fed's Hammack Backs Gradual Rate Hikes With Inflation at 3.6%; December Odds Ease to 70%
The Cleveland Fed chief, a dissenter at last week's hold, wants policy to turn restrictive in smaller, more frequent steps. Richmond's Barkin struck a similar note.
- Pakistan
State Bank of Pakistan Raises Policy Rate to 12% as Oil and Wheat Keep Inflation Above 10%
A 50-basis-point increase, the second of 2026, aims to stop energy and food costs from seeping into core prices as reserves reach $21.5 billion.
- Brazil
Brazil's Central Bank Holds Selic at 13.75%, Halting Rate Cuts as Inflation Tops Target
The Copom voted unanimously to stop after five cuts since April, citing oil, a weaker real and inflation expectations that keep drifting from the 3% goal.
- Nordic Central Banks
Riksbank Raises Rate to 2%, First Hike Since 2023, as Norges Bank Holds at 4.5%
Sweden tightened for the first time in three years and signaled more to come, while Norway paused after September's increase and warned it could move again.
- AnalysisAnalysis
China's Central Bank Bought 63 Tonnes of Gold in Q3, Leading Asia's Official Buyers
The People's Bank of China had its strongest quarter of gold purchases since 2023, while Central Asian banks kept adding and India held steady.
- Federal Reserve
Fed Survey: U.S. Banks Tighten Property Lending as Loan Demand Falls After September Hike
The Federal Reserve's October survey of senior loan officers found weaker demand for business, property and mortgage loans, a sign the September rate increase is reaching borrowers.
- Bank of Japan
BOJ Minutes Show Board Ready to Drop Twice-a-Year Hike Pace After Move to 1.25%
Records of the September meeting show members saying policy had entered a new phase, with one warning the bank may need to speed up if prices overshoot.
- India
RBI Names Morgan Stanley, Citi Bankers to New Markets Panel as It Drains Surplus Cash
India's central bank sets up a seven-member advisory committee on bond, currency and money markets while banks shun its reverse repo auctions.
