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What happened. On 29 July 2026 the Federal Open Market Committee voted 9-3 to keep the target range at 3.50-3.75%; Beth Hammack, Neel Kashkari and Lorie Logan dissented in favour of a quarte…
Read moreWhat happened. On 23 July 2026 the European Central Bank kept its deposit facility rate at 2.25%, with euro-area inflation having eased to 2.8% in June from 3.2% in May, while keeping a seco…
Read moreWhat happened. Consumer price inflation for June 2026, released on 13 July, was 4.38%, with food inflation at about 5.3%, the first time headline inflation exceeded 4% under the new CPI seri…
Read moreWhat happened. On 17 June 2026 the Federal Reserve left the target range at 3.50-3.75% at its first meeting under Chair Kevin Warsh; the median projection for the end-2026 policy rate rose t…
Read moreWhat happened. On 16 June 2026 the Bank of Japan raised its policy rate by 25 basis points to 1.0% in a 7-1 vote, citing energy-driven price pass-through and inflation above its 2% target. W…
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