Market Brief

Recent central bank communications illustrate notable policy divergences, with the National Bank of Serbia maintaining a hawkish stance at 5.75% amid rising inflation pressures, while the Bank of Korea remains dovish at 2.50%, focusing on economic recovery rather than immediate rate hikes. Similarly, the Reserve Bank of India at 5.25% and the Bank of Israel at 4.00% are both cautious, with the latter acknowledging geopolitical uncertainties affecting inflation. In contrast, Norges Bank at 4.00% signals potential tightening ahead, reflecting a more proactive approach to rising inflation risks.

April 2026 14
๐Ÿ‡ต๐Ÿ‡ฑ Nati 1 -11d
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 6 -6d
๐Ÿ‡ฎ๐Ÿ‡ณ RBI 8 -4d
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 8 -4d
๐Ÿ‡ท๐Ÿ‡ธ Nati 9 -3d
๐Ÿ‡ธ๐Ÿ‡ฌ Mone 13 +1d
๐Ÿ‡จ๐Ÿ‡ฆ BoC 15 +3d
๐Ÿ‡ช๐Ÿ‡บ ECB 16 +4d
๐Ÿ‡ฐ๐Ÿ‡ท BoK 16 +4d
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20 +8d
๐Ÿ‡น๐Ÿ‡ท Cent 23 +11d
๐Ÿ‡ท๐Ÿ‡บ CBR 24 +12d
๐Ÿ‡ญ๐Ÿ‡บ Magy 28 +16d
๐Ÿ‡ฏ๐Ÿ‡ต BoJ 30 +18d
May 2026 17
๐Ÿ‡บ๐Ÿ‡ธ Fed 6
๐Ÿ‡ง๐Ÿ‡ท BCB 6
๐Ÿ‡ต๐Ÿ‡ฑ Nati 6
๐Ÿ‡ธ๐Ÿ‡ช Sver 6
๐Ÿ‡ฌ๐Ÿ‡ง BoE 7
๐Ÿ‡ณ๐Ÿ‡ด Norg 7
๐Ÿ‡ฒ๐Ÿ‡ฝ Banc 14
๐Ÿ‡ท๐Ÿ‡ธ Nati 14
๐Ÿ‡ณ๐Ÿ‡ฌ CBN 19
๐Ÿ‡ฆ๐Ÿ‡บ RBA 19
๐Ÿ‡จ๐Ÿ‡ณ PBoC 20
๐Ÿ‡ฟ๐Ÿ‡ฆ SARB 21
๐Ÿ‡น๐Ÿ‡ท Cent 21
๐Ÿ‡ฎ๐Ÿ‡ฑ Bank 25
๐Ÿ‡ญ๐Ÿ‡บ Magy 26
๐Ÿ‡ณ๐Ÿ‡ฟ Rese 27
๐Ÿ‡ฐ๐Ÿ‡ท BoK 28
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%
1.1525
EUR/USD
3.3%
2.8%
4.9%
-85B
D
โ†‘0 โ†“0 โ†’1
๐Ÿ—ฃ0/1
Rate
5.383.62
FX
1.161.15
Statements
๐Ÿ‡จ๐Ÿ‡ณ
People's Bank of China ๐Ÿ•Š๏ธ โ–ผ
USD/CNY
3.00%
6.8976
USD/CNY
-0.1%
5.0%
6.8%
+103B
โ€”
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
2.0%
1.1%
2.9%
-19B
N
โ†‘0 โ†“0 โ†’1
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%
1.2%
-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%
4.4%
-27B
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
14.75%
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%
4.7%
-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
15.00%
โ†“0.50
77.10
USD/RUB
8.4%
4.3%
11.4%
+9B
D
โ†‘0 โ†“3 โ†’0
Rate
21.015.0
FX
86.177.1
Statements
๐Ÿ‡ฆ๐Ÿ‡บ
Reserve Bank of Australia ๐Ÿฆ… โ–ผ
AUD/USD
4.10%
โ†‘0.25
0.6872
AUD/USD
2.4%
1.4%
6.6%
-0B
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%
6.7%
+6B
N
โ†‘0 โ†“0 โ†’1
Rate
3.502.50
FX
2k1k
Statements
๐Ÿ‡น๐Ÿ‡ท
Central Bank of Turkey ๐Ÿ•Š๏ธ โ–ผ
USD/TRY
37.00%
44.67
USD/TRY
30.9%
3.3%
36.9%
-8B
H
โ†‘0 โ†“1 โ†’0
๐Ÿ”ฎ4/0
Rate
50.035.0
FX
44.744.2
Statements
๐Ÿ‡จ๐Ÿ‡ญ
Swiss National Bank โš–๏ธ โ–ผ
USD/CHF
0.00%
0.7994
USD/CHF
0.2%
1.3%
13.6%
+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%
1359.50
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%
0.8%
-4B
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
1.05%
โ†“0.06
1.2871
USD/SGD
1.2%
4.4%
5.1%
+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%
7.4%
+2B
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%
โ†“0.25
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%
โ†“0.25
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 ๐Ÿ•Š๏ธ โ–ผ
USD/NOK
4.00%
9.7427
USD/NOK
2.5%
2.1%
0.8%
+6B
H
โ†‘0 โ†“1 โ†’3
๐Ÿ”ฎ7/1
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%
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
12.26.25
FX
343329
Statements
๐Ÿ‡ท๐Ÿ‡ธ
National Bank of Serbia โš–๏ธ โ–ผ
USD/RSD
5.75%
100.14
USD/RSD
3.1%
4.0%
13.5%
-4B
N
โ†‘0 โ†“0 โ†’1
Rate
6.505.75
FX
103100
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