Market Brief

Recent central bank communications reveal notable policy divergences, particularly between the hawkish Magyar Nemzeti Bank at 6.50% and the dovish Bank of Korea at 2.50%. While Hungary grapples with moderating inflation amidst economic uncertainties, the Bank of Korea is adopting a cautious approach to balance growth and inflation. In contrast, the Bank of Israel maintains a steady rate at 4.00%, focusing on price stability amidst geopolitical tensions, further highlighting the varied monetary policy stances among these central banks.

February 2026 14
๐Ÿ‡ต๐Ÿ‡ฑ Nati 4 -22d
๐Ÿ‡ฌ๐Ÿ‡ง BoE 5 -21d
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 5 -21d
๐Ÿ‡ฎ๐Ÿ‡ณ RBI 6 -20d
๐Ÿ‡ท๐Ÿ‡ธ Nati 12 -14d
๐Ÿ‡ท๐Ÿ‡บ CBR 13 -13d
๐Ÿ‡ฆ๐Ÿ‡บ RBA 17 -9d
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 18 -8d
๐Ÿ‡ณ๐Ÿ‡ฌ CBN 19 -7d
๐Ÿ‡น๐Ÿ‡ท Cent 19 -7d
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20 -6d
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 23 -3d
๐Ÿ‡ญ๐Ÿ‡บ Magy 24 -2d
๐Ÿ‡ฐ๐Ÿ‡ท BoK 26 TODAY
March 2026 18
๐Ÿ‡ต๐Ÿ‡ฑ Nati 4
๐Ÿ‡ช๐Ÿ‡บ ECB 5
๐Ÿ‡จ๐Ÿ‡ฆ BoC 11
๐Ÿ‡ท๐Ÿ‡ธ Nati 12
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 13
๐Ÿ‡บ๐Ÿ‡ธ Fed 18
๐Ÿ‡ง๐Ÿ‡ท BCB 18
๐Ÿ‡ฌ๐Ÿ‡ง BoE 19
๐Ÿ‡จ๐Ÿ‡ญ SNB 19
๐Ÿ‡น๐Ÿ‡ท Cent 19
๐Ÿ‡ธ๐Ÿ‡ช Sver 19
๐Ÿ‡ท๐Ÿ‡บ CBR 20
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20
๐Ÿ‡ฟ๐Ÿ‡ฆ SARB 26
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 26
๐Ÿ‡ณ๐Ÿ‡ด Norg 26
๐Ÿ‡ฆ๐Ÿ‡บ RBA 31
๐Ÿ‡ญ๐Ÿ‡บ Magy 31
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Central Bank Rate FX CPI GDP M2 Trade Intent Rate / FX
๐Ÿ‡บ๐Ÿ‡ธ
Federal Reserve ๐Ÿ•Š๏ธ โ–ผ
EUR/USD
3.62%
1.1784
EUR/USD
2.4%
2.8%
4.3%
-99B
D
โ†‘0 โ†“0 โ†’1
๐Ÿ—ฃ0/1
Rate
5.383.62
FX
1.201.18
Statements
๐Ÿ‡จ๐Ÿ‡ณ
People's Bank of China โš–๏ธ โ–ผ
USD/CNY
3.00%
6.8695
USD/CNY
-0.1%
5.0%
6.8%
+102B
โ€”
Rate
3.453.00
FX
6.956.87
Statements
๐Ÿ‡ช๐Ÿ‡บ
European Central Bank โš–๏ธ โ–ผ
EUR/USD
2.00%
1.1784
EUR/USD
2.0%
1.1%
2.9%
-19B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ2/0
Rate
4.502.00
FX
1.201.18
Statements
๐Ÿ‡ฏ๐Ÿ‡ต
Bank of Japan ๐Ÿฆ… โ–ผ
USD/JPY
0.75%
156.74
USD/JPY
2.7%
0.1%
1.2%
-1B
H
โ†‘1 โ†“0 โ†’0
๐Ÿ”ฎ1/0 ๐Ÿ—ฃ2/0
Rate
0.75-0.10
FX
157153
Statements
๐Ÿ‡ฎ๐Ÿ‡ณ
Reserve Bank of India ๐Ÿ•Š๏ธ โ–ผ
USD/INR
5.25%
90.95
USD/INR
3.0%
6.5%
11.3%
-24B
D
โ†‘0 โ†“4 โ†’0
๐Ÿ”ฎ1/0
Rate
6.505.25
FX
91.990.1
Statements
๐Ÿ‡ฌ๐Ÿ‡ง
Bank of England โš–๏ธ โ–ผ
GBP/USD
3.75%
1.3523
GBP/USD
3.4%
1.1%
4.4%
-28B
D
โ†‘0 โ†“3 โ†’0
๐Ÿ”ฎ3/5
Rate
5.253.75
FX
1.381.35
Statements
๐Ÿ‡ง๐Ÿ‡ท
Banco Central do Brasil โš–๏ธ โ–ผ
USD/BRL
15.00%
5.1287
USD/BRL
5.5%
3.4%
13.7%
+9B
D
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ0/1
Rate
15.010.5
FX
5.265.13
Statements
๐Ÿ‡จ๐Ÿ‡ฆ
Bank of Canada โš–๏ธ โ–ผ
USD/CAD
2.25%
1.3691
USD/CAD
2.3%
1.6%
4.7%
-1B
D
โ†‘0 โ†“1 โ†’0
Rate
5.002.25
FX
1.371.35
Statements
๐Ÿ‡ท๐Ÿ‡บ
Central Bank of Russia ๐Ÿ•Š๏ธ โ–ผ
USD/RUB
16.00%
76.61
USD/RUB
8.4%
4.3%
9.7%
+4B
D
โ†‘0 โ†“3 โ†’0
Rate
21.012.0
FX
77.376.0
Statements
๐Ÿ‡ฆ๐Ÿ‡บ
Reserve Bank of Australia ๐Ÿฆ… โ–ผ
AUD/USD
3.60%
0.7092
AUD/USD
2.4%
1.4%
6.6%
+4B
H
โ†‘1 โ†“0 โ†’0
Rate
4.353.60
FX
0.710.69
Statements
๐Ÿ‡ฐ๐Ÿ‡ท
Bank of Korea โš–๏ธ โ–ผ
USD/KRW
2.50%
1427.90
USD/KRW
2.3%
2.0%
6.8%
+6B
N
โ†‘0 โ†“0 โ†’1
Rate
3.502.50
FX
1k1k
Statements
๐Ÿ‡น๐Ÿ‡ท
Central Bank of Turkey ๐Ÿ•Š๏ธ โ–ผ
USD/TRY
37.00%
โ†“1.00
43.87
USD/TRY
30.9%
3.3%
69.9%
-8B
H
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ4/0
Rate
50.025.0
FX
43.943.4
Statements
๐Ÿ‡จ๐Ÿ‡ญ
Swiss National Bank โš–๏ธ โ–ผ
USD/CHF
0.00%
0.7748
USD/CHF
0.2%
1.3%
13.6%
+6B
D
โ†‘0 โ†“2 โ†’0
Rate
1.750.00
FX
0.780.77
Statements
๐Ÿ‡ณ๐Ÿ‡ฌ
Central Bank of Nigeria โš–๏ธ โ–ผ
USD/NGN
27.00%
1351.63
USD/NGN
33.2%
4.1%
17.4%
+14B
N
โ†‘0 โ†“0 โ†’1
Rate
27.511.5
FX
1k1k
Statements
๐Ÿ‡ฎ๐Ÿ‡ฑ
Bank of Israel โš–๏ธ โ–ผ
USD/ILS
4.00%
โ†“0.25
3.0957
USD/ILS
3.3%
0.9%
-0.1%
-3B
N
โ†‘0 โ†“0 โ†’1
Rate
4.754.00
FX
3.143.06
Statements
๐Ÿ‡ธ๐Ÿ‡ฌ
Monetary Authority of Singapore โš–๏ธ โ–ผ
USD/SGD
0.89%
โ†“0.16
1.2649
USD/SGD
1.2%
4.4%
6.2%
+193B
N
๐Ÿ”ฎ1/1
Rate
3.880.89
FX
1.271.26
Statements
๐Ÿ‡ฟ๐Ÿ‡ฆ
South African Reserve Bank ๐Ÿ•Š๏ธ โ–ผ
USD/ZAR
6.75%
15.86
USD/ZAR
3.1%
0.5%
8.2%
+0B
D
โ†‘0 โ†“1 โ†’0
Rate
8.256.75
FX
16.215.7
Statements
๐Ÿ‡ฒ๐Ÿ‡ฝ
Banco de Mรฉxico ๐Ÿ•Š๏ธ โ–ผ
USD/MXN
7.00%
17.15
USD/MXN
5.6%
1.4%
13.8%
-0B
D
โ†‘0 โ†“2 โ†’0
๐Ÿ—ฃ0/1
Rate
11.27.00
FX
17.417.1
Statements
๐Ÿ‡ต๐Ÿ‡ฑ
National Bank of Poland โš–๏ธ โ–ผ
USD/PLN
4.00%
3.5839
USD/PLN
2.5%
3.0%
9.2%
-0B
D
โ†‘0 โ†“1 โ†’0
Rate
6.754.00
FX
3.593.51
Statements
๐Ÿ‡ณ๐Ÿ‡ด
Norges Bank โš–๏ธ โ–ผ
USD/NOK
4.00%
9.5855
USD/NOK
2.5%
2.1%
0.8%
+3B
D
โ†‘0 โ†“0 โ†’2
๐Ÿ”ฎ3/4
Rate
4.504.00
FX
9.739.47
Statements
๐Ÿ‡ธ๐Ÿ‡ช
Sveriges Riksbank โš–๏ธ โ–ผ
USD/SEK
1.75%
9.0602
USD/SEK
0.5%
0.8%
5.4%
+1B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ1/0
Rate
4.001.75
FX
9.108.83
Statements
๐Ÿ‡ณ๐Ÿ‡ฟ
Reserve Bank of New Zealand ๐Ÿ•Š๏ธ โ–ผ
USD/NZD
2.25%
1.6740
USD/NZD
2.9%
1.3%
2.8%
-4B
D
โ†‘0 โ†“1 โ†’0
Rate
5.502.25
FX
1.681.65
Statements
๐Ÿ‡ญ๐Ÿ‡บ
Magyar Nemzeti Bank ๐Ÿ•Š๏ธ โ–ผ
USD/HUF
6.50%
318.97
USD/HUF
3.3%
0.6%
9.4%
+10B
D
โ†‘0 โ†“1 โ†’0
Rate
13.06.50
FX
323317
Statements
๐Ÿ‡ท๐Ÿ‡ธ
National Bank of Serbia โš–๏ธ โ–ผ
USD/RSD
5.75%
99.63
USD/RSD
3.1%
4.0%
13.5%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
6.505.75
FX
99.997.9
Statements
Economic Indicators: Rate = Policy Interest Rate | FX = Exchange Rate vs USD | CPI = Consumer Price Index (YoY%) | GDP = Gross Domestic Product (YoY%) | M2 = Money Supply Growth (YoY%) | TB = Trade Balance (Exports โˆ’ Imports, $B)
Policy Intent: โ†‘ Hike | โ†“ Cut | โ†’ Hold | ๐Ÿ”ฎ Guidance | ๐Ÿ—ฃ Dissent | ๐Ÿฆ Reserves | ๐Ÿ’ง Liquidity