Market Brief

Recent central bank communications reveal notable policy divergences, particularly between the hawkish stance of the Magyar Nemzeti Bank at 6.25% and the dovish approach of the Swiss National Bank at 0.00%, which is focused on maintaining price stability amid rising inflation. Meanwhile, the Reserve Bank of India at 5.25% and the National Bank of Serbia at 5.75% are taking a cautious approach, balancing inflation control with economic growth support, contrasting with Norges Bank's readiness to tighten further from its current rate of 4.25% due to persistent inflation concerns. These differences illustrate a spectrum of monetary policy responses to varying inflationary pressures and economic conditions across major economies.

July 2026 17
๐Ÿ‡ต๐Ÿ‡ฑ Nati 1 -13d
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 6 -8d
๐Ÿ‡ฆ๐Ÿ‡บ RBA 7 -7d
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 8 -6d
๐Ÿ‡ฐ๐Ÿ‡ท BoK 9 -5d
๐Ÿ‡ท๐Ÿ‡ธ Nati 9 -5d
๐Ÿ‡ช๐Ÿ‡บ ECB 16 +2d
๐Ÿ‡ฟ๐Ÿ‡ฆ SARB 16 +2d
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20 +6d
๐Ÿ‡ณ๐Ÿ‡ฌ CBN 21 +7d
๐Ÿ‡น๐Ÿ‡ท Cent 23 +9d
๐Ÿ‡ท๐Ÿ‡บ CBR 24 +10d
๐Ÿ‡ญ๐Ÿ‡บ Magy 28 +14d
๐Ÿ‡บ๐Ÿ‡ธ Fed 29 +15d
๐Ÿ‡จ๐Ÿ‡ฆ BoC 29 +15d
๐Ÿ‡ง๐Ÿ‡ท BCB 29 +15d
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 30 +16d
August 2026 10
๐Ÿ‡ฌ๐Ÿ‡ง BoE 6
๐Ÿ‡ฎ๐Ÿ‡ณ RBI 7
๐Ÿ‡ฆ๐Ÿ‡บ RBA 11
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 13
๐Ÿ‡ณ๐Ÿ‡ด Norg 13
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 19
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20
๐Ÿ‡น๐Ÿ‡ท Cent 20
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 24
๐Ÿ‡ฐ๐Ÿ‡ท BoK 27
โ† Scroll horizontally to see more โ†’
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
3.5%
2.2%
5.6%
-106B
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%
+89B
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 ๐Ÿฆ… โ–ผ
EUR/USD
2.00%
1.1525
EUR/USD
3.1%
1.5%
2.9%
-19B
H
โ†‘2 โ†“0 โ†’0
Rate
4.502.00
FX
1.161.15
Statements
๐Ÿ‡ฏ๐Ÿ‡ต
Bank of Japan ๐Ÿฆ… โ–ผ
USD/JPY
1.00%
โ†‘0.25
159.60
USD/JPY
3.2%
1.2%
1.4%
+1B
H
โ†‘1 โ†“0 โ†’0
๐Ÿ”ฎ1/0 ๐Ÿ—ฃ2/0
Rate
1.00-0.10
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%
7.6%
11.3%
-30B
โ€”
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%
1.4%
4.2%
-30B
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
14.25%
โ†“0.25
5.1818
USD/BRL
5.5%
2.3%
9.8%
+5B
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%
1.7%
3.6%
+3B
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
14.25%
โ†“0.25
76.65
USD/RUB
8.7%
1.0%
13.0%
+12B
D
โ†‘0 โ†“3 โ†’0
Rate
21.014.2
FX
78.972.2
Statements
๐Ÿ‡ฆ๐Ÿ‡บ
Reserve Bank of Australia ๐Ÿฆ… โ–ผ
AUD/USD
4.35%
0.6872
AUD/USD
2.4%
1.4%
6.7%
+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
2.1%
1.0%
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%
47.03
USD/TRY
30.9%
3.6%
37.9%
-7B
H
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ4/0
Rate
50.037.0
FX
47.046.3
Statements
๐Ÿ‡จ๐Ÿ‡ญ
Swiss National Bank โš–๏ธ โ–ผ
USD/CHF
0.00%
0.7994
USD/CHF
0.2%
1.3%
9.7%
+5B
โ€”
Rate
1.750.00
FX
0.800.78
Statements
๐Ÿ‡ณ๐Ÿ‡ฌ
Central Bank of Nigeria โš–๏ธ โ–ผ
USD/NGN
27.00%
1381.65
USD/NGN
23.0%
4.0%
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
3.75%
3.1533
USD/ILS
3.3%
2.9%
1.1%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
4.503.75
FX
3.163.07
Statements
๐Ÿ‡ธ๐Ÿ‡ฌ
Monetary Authority of Singapore โš–๏ธ โ–ผ
USD/SGD
0.87%
โ†“0.49
1.2871
USD/SGD
1.2%
5.0%
4.2%
+214B
N
๐Ÿ”ฎ1/1
Rate
3.880.87
FX
1.291.27
Statements
๐Ÿ‡ฟ๐Ÿ‡ฆ
South African Reserve Bank ๐Ÿ•Š๏ธ โ–ผ
USD/ZAR
7.00%
17.01
USD/ZAR
3.1%
1.1%
9.4%
+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
6.50%
17.94
USD/MXN
5.6%
0.6%
8.8%
-0B
D
โ†‘0 โ†“2 โ†’0
๐Ÿ—ฃ0/1
Rate
11.26.50
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%
3.6%
9.2%
-0B
D
โ†‘0 โ†“1 โ†’0
Rate
5.753.75
FX
3.733.65
Statements
๐Ÿ‡ณ๐Ÿ‡ด
Norges Bank โš–๏ธ โ–ผ
USD/NOK
4.25%
9.7427
USD/NOK
2.5%
1.1%
0.5%
+9B
H
โ†‘0 โ†“0 โ†’1
๐Ÿ”ฎ6/1
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%
1.5%
5.4%
-1B
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%
0.5%
2.8%
-3B
D
โ†‘0 โ†“1 โ†’0
Rate
5.502.25
FX
1.751.68
Statements
๐Ÿ‡ญ๐Ÿ‡บ
Magyar Nemzeti Bank ๐Ÿ•Š๏ธ โ–ผ
USD/HUF
6.25%
333.13
USD/HUF
3.3%
0.5%
9.5%
+11B
D
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ0/1
Rate
10.06.25
FX
343329
Statements
๐Ÿ‡ท๐Ÿ‡ธ
National Bank of Serbia โš–๏ธ โ–ผ
USD/RSD
5.75%
103.01
USD/RSD
3.1%
2.0%
13.5%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
6.505.75
FX
103101
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