Market Brief

Recent central bank communications reveal significant policy divergences, with the Magyar Nemzeti Bank maintaining a high rate of 6.50% to navigate dual economic pressures amid moderating inflation, contrasting sharply with the dovish stance of the Bank of England at 3.75%, which recently reduced rates to bolster economic stability. Meanwhile, the Bank of Israel holds steady at 4.00% amidst moderate inflation, while the Reserve Bank of India, at 5.25%, remains focused on balancing price stability and growth. In contrast, the Bank of Korea's cautious approach at 2.50% reflects a mixed trend in borrowing costs, indicating a more accommodative stance compared to its counterparts.

March 2026 18
๐Ÿ‡ต๐Ÿ‡ฑ Nati 4 -8d
๐Ÿ‡ช๐Ÿ‡บ ECB 5 -7d
๐Ÿ‡จ๐Ÿ‡ฆ BoC 11 -1d
๐Ÿ‡ท๐Ÿ‡ธ Nati 12 TODAY
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 13 +1d
๐Ÿ‡บ๐Ÿ‡ธ Fed 18 +6d
๐Ÿ‡ง๐Ÿ‡ท BCB 18 +6d
๐Ÿ‡ฌ๐Ÿ‡ง BoE 19 +7d
๐Ÿ‡จ๐Ÿ‡ญ SNB 19 +7d
๐Ÿ‡น๐Ÿ‡ท Cent 19 +7d
๐Ÿ‡ธ๐Ÿ‡ช Sver 19 +7d
๐Ÿ‡ท๐Ÿ‡บ CBR 20 +8d
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20 +8d
๐Ÿ‡ฟ๐Ÿ‡ฆ SARB 26 +14d
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 26 +14d
๐Ÿ‡ณ๐Ÿ‡ด Norg 26 +14d
๐Ÿ‡ฆ๐Ÿ‡บ RBA 31 +19d
๐Ÿ‡ญ๐Ÿ‡บ Magy 31 +19d
April 2026 14
๐Ÿ‡ต๐Ÿ‡ฑ Nati 1
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 6
๐Ÿ‡ฎ๐Ÿ‡ณ RBI 8
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 8
๐Ÿ‡ท๐Ÿ‡ธ Nati 9
๐Ÿ‡ธ๐Ÿ‡ฌ Mone 13
๐Ÿ‡จ๐Ÿ‡ฆ BoC 15
๐Ÿ‡ช๐Ÿ‡บ ECB 16
๐Ÿ‡ฐ๐Ÿ‡ท BoK 16
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20
๐Ÿ‡น๐Ÿ‡ท Cent 23
๐Ÿ‡ท๐Ÿ‡บ CBR 24
๐Ÿ‡ญ๐Ÿ‡บ Magy 28
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 30
โ† Scroll horizontally to see more โ†’
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%
1.1581
EUR/USD
2.4%
2.8%
4.3%
-99B
D
โ†‘0 โ†“0 โ†’1
๐Ÿ—ฃ0/1
Rate
5.383.62
FX
1.191.16
Statements
๐Ÿ‡จ๐Ÿ‡ณ
People's Bank of China โš–๏ธ โ–ผ
USD/CNY
3.00%
6.8662
USD/CNY
-0.1%
5.0%
6.8%
+102B
โ€”
Rate
3.453.00
FX
6.926.84
Statements
๐Ÿ‡ช๐Ÿ‡บ
European Central Bank โš–๏ธ โ–ผ
EUR/USD
2.00%
1.1581
EUR/USD
2.0%
1.1%
2.9%
-19B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ2/0
Rate
4.502.00
FX
1.191.16
Statements
๐Ÿ‡ฏ๐Ÿ‡ต
Bank of Japan ๐Ÿฆ… โ–ผ
USD/JPY
0.75%
158.56
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
159153
Statements
๐Ÿ‡ฎ๐Ÿ‡ณ
Reserve Bank of India ๐Ÿ•Š๏ธ โ–ผ
USD/INR
5.25%
92.07
USD/INR
3.0%
6.5%
11.3%
-24B
D
โ†‘0 โ†“4 โ†’0
๐Ÿ”ฎ1/0
Rate
6.505.25
FX
92.390.5
Statements
๐Ÿ‡ฌ๐Ÿ‡ง
Bank of England โš–๏ธ โ–ผ
GBP/USD
3.75%
1.3410
GBP/USD
3.4%
1.1%
4.4%
-28B
D
โ†‘0 โ†“3 โ†’0
๐Ÿ”ฎ3/5
Rate
5.253.75
FX
1.371.33
Statements
๐Ÿ‡ง๐Ÿ‡ท
Banco Central do Brasil โš–๏ธ โ–ผ
USD/BRL
15.00%
5.1711
USD/BRL
5.5%
3.4%
13.7%
+9B
D
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ0/1
Rate
15.010.5
FX
5.285.13
Statements
๐Ÿ‡จ๐Ÿ‡ฆ
Bank of Canada โš–๏ธ โ–ผ
USD/CAD
2.25%
1.3593
USD/CAD
2.3%
1.6%
4.7%
-1B
D
โ†‘0 โ†“1 โ†’0
Rate
5.002.25
FX
1.371.36
Statements
๐Ÿ‡ท๐Ÿ‡บ
Central Bank of Russia ๐Ÿ•Š๏ธ โ–ผ
USD/RUB
15.50%
โ†“0.50
79.04
USD/RUB
8.4%
4.3%
9.7%
+4B
D
โ†‘0 โ†“3 โ†’0
Rate
21.013.0
FX
79.676.3
Statements
๐Ÿ‡ฆ๐Ÿ‡บ
Reserve Bank of Australia ๐Ÿฆ… โ–ผ
AUD/USD
3.60%
0.7151
AUD/USD
2.4%
1.4%
6.6%
+4B
H
โ†‘1 โ†“0 โ†’0
Rate
4.353.60
FX
0.720.70
Statements
๐Ÿ‡ฐ๐Ÿ‡ท
Bank of Korea โš–๏ธ โ–ผ
USD/KRW
2.50%
1477.11
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%
44.10
USD/TRY
30.9%
3.3%
69.9%
-8B
H
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ4/0
Rate
50.030.0
FX
44.143.6
Statements
๐Ÿ‡จ๐Ÿ‡ญ
Swiss National Bank โš–๏ธ โ–ผ
USD/CHF
0.00%
0.7798
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%
1398.57
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%
3.1067
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
1.2742
USD/SGD
1.2%
4.4%
6.2%
+193B
N
๐Ÿ”ฎ1/1
Rate
3.880.89
FX
1.281.26
Statements
๐Ÿ‡ฟ๐Ÿ‡ฆ
South African Reserve Bank ๐Ÿ•Š๏ธ โ–ผ
USD/ZAR
6.75%
16.40
USD/ZAR
3.1%
0.5%
8.2%
+0B
D
โ†‘0 โ†“1 โ†’0
Rate
8.256.75
FX
16.715.9
Statements
๐Ÿ‡ฒ๐Ÿ‡ฝ
Banco de Mรฉxico ๐Ÿ•Š๏ธ โ–ผ
USD/MXN
7.00%
17.65
USD/MXN
5.6%
1.4%
13.8%
-0B
D
โ†‘0 โ†“2 โ†’0
๐Ÿ—ฃ0/1
Rate
11.27.00
FX
17.817.1
Statements
๐Ÿ‡ต๐Ÿ‡ฑ
National Bank of Poland โš–๏ธ โ–ผ
USD/PLN
4.00%
3.6718
USD/PLN
2.5%
3.0%
9.2%
-0B
D
โ†‘0 โ†“1 โ†’0
Rate
6.004.00
FX
3.713.54
Statements
๐Ÿ‡ณ๐Ÿ‡ด
Norges Bank โš–๏ธ โ–ผ
USD/NOK
4.00%
9.6451
USD/NOK
2.5%
2.1%
0.8%
+3B
D
โ†‘0 โ†“0 โ†’2
๐Ÿ”ฎ3/4
Rate
4.504.00
FX
9.699.47
Statements
๐Ÿ‡ธ๐Ÿ‡ช
Sveriges Riksbank โš–๏ธ โ–ผ
USD/SEK
1.75%
9.1998
USD/SEK
0.5%
0.8%
5.4%
+1B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ1/0
Rate
4.001.75
FX
9.268.88
Statements
๐Ÿ‡ณ๐Ÿ‡ฟ
Reserve Bank of New Zealand ๐Ÿ•Š๏ธ โ–ผ
USD/NZD
2.25%
1.6899
USD/NZD
2.9%
1.3%
2.8%
-4B
D
โ†‘0 โ†“1 โ†’0
Rate
5.502.25
FX
1.701.65
Statements
๐Ÿ‡ญ๐Ÿ‡บ
Magyar Nemzeti Bank ๐Ÿ•Š๏ธ โ–ผ
USD/HUF
6.50%
334.88
USD/HUF
3.3%
0.6%
9.4%
+10B
D
โ†‘0 โ†“1 โ†’0
Rate
13.06.50
FX
343318
Statements
๐Ÿ‡ท๐Ÿ‡ธ
National Bank of Serbia โš–๏ธ โ–ผ
USD/RSD
5.75%
101.03
USD/RSD
3.1%
4.0%
13.5%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
6.505.75
FX
10298.5
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