Market Brief

Recent central bank communications highlight notable policy divergences, particularly between the hawkish stance of the Norges Bank at 4.25%, which has raised rates to combat persistently high inflation, and the more dovish approaches of the Bank of Korea at 2.50% and the European Central Bank at 2.00%, both opting to maintain rates amidst economic uncertainties and rising energy prices. Meanwhile, the Magyar Nemzeti Bank at 6.25% remains cautious, balancing moderate inflation expectations with the need for financial stability. This divergence underscores a complex landscape where central banks are navigating varying inflation pressures and economic conditions.

May 2026 17
๐Ÿ‡บ๐Ÿ‡ธ Fed 6 -22d
๐Ÿ‡ง๐Ÿ‡ท BCB 6 -22d
๐Ÿ‡ต๐Ÿ‡ฑ Nati 6 -22d
๐Ÿ‡ธ๐Ÿ‡ช Sver 6 -22d
๐Ÿ‡ฌ๐Ÿ‡ง BoE 7 -21d
๐Ÿ‡ณ๐Ÿ‡ด Norg 7 -21d
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 14 -14d
๐Ÿ‡ท๐Ÿ‡ธ Nati 14 -14d
๐Ÿ‡ณ๐Ÿ‡ฌ CBN 19 -9d
๐Ÿ‡ฆ๐Ÿ‡บ RBA 19 -9d
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20 -8d
๐Ÿ‡ฟ๐Ÿ‡ฆ SARB 21 -7d
๐Ÿ‡น๐Ÿ‡ท Cent 21 -7d
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 25 -3d
๐Ÿ‡ญ๐Ÿ‡บ Magy 26 -2d
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 27 -1d
๐Ÿ‡ฐ๐Ÿ‡ท BoK 28 TODAY
June 2026 17
๐Ÿ‡จ๐Ÿ‡ฆ BoC 3
๐Ÿ‡ต๐Ÿ‡ฑ Nati 3
๐Ÿ‡ช๐Ÿ‡บ ECB 4
๐Ÿ‡ท๐Ÿ‡บ CBR 5
๐Ÿ‡ฎ๐Ÿ‡ณ RBI 5
๐Ÿ‡ท๐Ÿ‡ธ Nati 11
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 12
๐Ÿ‡บ๐Ÿ‡ธ Fed 17
๐Ÿ‡ง๐Ÿ‡ท BCB 17
๐Ÿ‡ฌ๐Ÿ‡ง BoE 18
๐Ÿ‡จ๐Ÿ‡ญ SNB 18
๐Ÿ‡ณ๐Ÿ‡ด Norg 18
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20
๐Ÿ‡น๐Ÿ‡ท Cent 25
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 25
๐Ÿ‡ธ๐Ÿ‡ช Sver 26
๐Ÿ‡ญ๐Ÿ‡บ Magy 30
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Central Bank Rate FX CPI GDP M2 Trade Intent Rate / FX
๐Ÿ‡บ๐Ÿ‡ธ
Federal Reserve โš–๏ธ โ–ผ
EUR/USD
3.62%
1.1525
EUR/USD
3.8%
2.8%
4.7%
-89B
N
โ†‘0 โ†“0 โ†’1
Rate
5.383.62
FX
1.161.15
Statements
๐Ÿ‡จ๐Ÿ‡ณ
People's Bank of China โš–๏ธ โ–ผ
USD/CNY
3.00%
6.8976
USD/CNY
-0.1%
5.0%
6.8%
+59B
D
โ†‘0 โ†“3 โ†’0
๐Ÿฆ0/1 ๐Ÿ’ง0/1
Rate
3.453.00
FX
6.926.87
Statements
๐Ÿ‡ช๐Ÿ‡บ
European Central Bank โš–๏ธ โ–ผ
EUR/USD
2.00%
1.1525
EUR/USD
3.0%
1.1%
2.9%
-19B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ3/0
Rate
4.502.00
FX
1.161.15
Statements
๐Ÿ‡ฏ๐Ÿ‡ต
Bank of Japan ๐Ÿฆ… โ–ผ
USD/JPY
0.75%
159.60
USD/JPY
2.7%
0.1%
1.4%
+1B
H
โ†‘1 โ†“0 โ†’0
๐Ÿ”ฎ1/0 ๐Ÿ—ฃ2/0
Rate
0.75-0.10
FX
160157
Statements
๐Ÿ‡ฎ๐Ÿ‡ณ
Reserve Bank of India ๐Ÿ•Š๏ธ โ–ผ
USD/INR
5.25%
93.10
USD/INR
3.0%
6.5%
11.3%
-24B
D
โ†‘0 โ†“4 โ†’0
๐Ÿ”ฎ1/0
Rate
6.505.25
FX
94.891.7
Statements
๐Ÿ‡ฌ๐Ÿ‡ง
Bank of England โš–๏ธ โ–ผ
GBP/USD
3.75%
1.3209
GBP/USD
3.4%
1.1%
3.6%
-31B
D
โ†‘0 โ†“3 โ†’0
๐Ÿ”ฎ3/5
Rate
5.253.75
FX
1.351.32
Statements
๐Ÿ‡ง๐Ÿ‡ท
Banco Central do Brasil ๐Ÿ•Š๏ธ โ–ผ
USD/BRL
14.50%
โ†“0.25
5.1818
USD/BRL
5.5%
3.4%
13.7%
+8B
D
โ†‘0 โ†“1 โ†’0
Rate
15.010.5
FX
5.305.16
Statements
๐Ÿ‡จ๐Ÿ‡ฆ
Bank of Canada โš–๏ธ โ–ผ
USD/CAD
2.25%
1.3909
USD/CAD
2.3%
1.6%
3.7%
+1B
N
โ†‘0 โ†“0 โ†’1
Rate
5.002.25
FX
1.391.36
Statements
๐Ÿ‡ท๐Ÿ‡บ
Central Bank of Russia ๐Ÿ•Š๏ธ โ–ผ
USD/RUB
14.50%
โ†“0.50
71.91
USD/RUB
8.4%
4.3%
12.3%
+11B
D
โ†‘0 โ†“3 โ†’0
Rate
21.014.5
FX
75.571.2
Statements
๐Ÿ‡ฆ๐Ÿ‡บ
Reserve Bank of Australia ๐Ÿฆ… โ–ผ
AUD/USD
4.10%
0.6872
AUD/USD
2.4%
1.4%
6.6%
+1B
H
โ†‘1 โ†“0 โ†’0
Rate
4.353.60
FX
0.720.69
Statements
๐Ÿ‡ฐ๐Ÿ‡ท
Bank of Korea โš–๏ธ โ–ผ
USD/KRW
2.50%
1516.65
USD/KRW
2.3%
2.0%
6.9%
+6B
โ€”
Rate
3.502.50
FX
2k1k
Statements
๐Ÿ‡น๐Ÿ‡ท
Central Bank of Turkey ๐Ÿ•Š๏ธ โ–ผ
USD/TRY
37.00%
45.90
USD/TRY
30.9%
3.3%
36.9%
-10B
H
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ4/0
Rate
50.037.0
FX
45.945.0
Statements
๐Ÿ‡จ๐Ÿ‡ญ
Swiss National Bank โš–๏ธ โ–ผ
USD/CHF
0.00%
0.7994
USD/CHF
0.2%
1.3%
10.0%
+4B
D
โ†‘0 โ†“2 โ†’0
Rate
1.750.00
FX
0.800.78
Statements
๐Ÿ‡ณ๐Ÿ‡ฌ
Central Bank of Nigeria โš–๏ธ โ–ผ
USD/NGN
27.00%
1372.70
USD/NGN
33.2%
4.1%
50.9%
+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%
3.1533
USD/ILS
3.3%
0.9%
-3.0%
-3B
N
โ†‘0 โ†“0 โ†’1
Rate
4.754.00
FX
3.163.07
Statements
๐Ÿ‡ธ๐Ÿ‡ฌ
Monetary Authority of Singapore โš–๏ธ โ–ผ
USD/SGD
1.00%
โ†“0.06
1.2871
USD/SGD
1.2%
4.4%
5.5%
+193B
N
๐Ÿ”ฎ1/1
Rate
3.880.89
FX
1.291.27
Statements
๐Ÿ‡ฟ๐Ÿ‡ฆ
South African Reserve Bank ๐Ÿ•Š๏ธ โ–ผ
USD/ZAR
6.75%
17.01
USD/ZAR
3.1%
0.5%
8.6%
+1B
D
โ†‘0 โ†“1 โ†’0
Rate
8.256.75
FX
17.216.3
Statements
๐Ÿ‡ฒ๐Ÿ‡ฝ
Banco de Mรฉxico ๐Ÿ•Š๏ธ โ–ผ
USD/MXN
6.75%
17.94
USD/MXN
5.6%
1.4%
13.8%
-0B
D
โ†‘0 โ†“2 โ†’0
๐Ÿ—ฃ0/1
Rate
11.26.75
FX
18.117.5
Statements
๐Ÿ‡ต๐Ÿ‡ฑ
National Bank of Poland โš–๏ธ โ–ผ
USD/PLN
3.75%
3.7184
USD/PLN
2.5%
3.0%
9.2%
-0B
D
โ†‘0 โ†“1 โ†’0
Rate
5.753.75
FX
3.733.65
Statements
๐Ÿ‡ณ๐Ÿ‡ด
Norges Bank ๐Ÿฆ… โ–ผ
USD/NOK
4.00%
9.7427
USD/NOK
2.5%
2.1%
1.1%
+9B
H
โ†‘2 โ†“0 โ†’0
๐Ÿ”ฎ1/0
Rate
4.504.00
FX
9.759.54
Statements
๐Ÿ‡ธ๐Ÿ‡ช
Sveriges Riksbank โš–๏ธ โ–ผ
USD/SEK
1.75%
9.4993
USD/SEK
0.5%
0.8%
5.4%
+0B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ1/0
Rate
4.001.75
FX
9.529.11
Statements
๐Ÿ‡ณ๐Ÿ‡ฟ
Reserve Bank of New Zealand ๐Ÿ•Š๏ธ โ–ผ
USD/NZD
2.25%
1.7519
USD/NZD
2.9%
1.3%
2.8%
-4B
D
โ†‘0 โ†“1 โ†’0
Rate
5.502.25
FX
1.751.68
Statements
๐Ÿ‡ญ๐Ÿ‡บ
Magyar Nemzeti Bank โš–๏ธ โ–ผ
USD/HUF
6.25%
333.13
USD/HUF
3.3%
0.6%
9.5%
+10B
N
โ†‘0 โ†“0 โ†’1
Rate
11.56.25
FX
343329
Statements
๐Ÿ‡ท๐Ÿ‡ธ
National Bank of Serbia โš–๏ธ โ–ผ
USD/RSD
5.75%
100.86
USD/RSD
3.1%
4.0%
13.5%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
6.505.75
FX
10199.5
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