Rate Brief https://ratebrief.org/ Currencies and central banks, read from the decision itself en Tue, 22 Sep 2026 01:10:00 +0100 The Bank of Japan guides the call rate to around 1.25 percent, 7–2 https://ratebrief.org/news/yen/boj-call-rate-1-25/ https://ratebrief.org/news/yen/boj-call-rate-1-25/ Tue, 22 Sep 2026 01:10:00 +0100 The 18 September decision moves the overnight call rate guideline and the deposit facility to 1.25 percent from 24 September, with the basic loan rate at 1.5 percent. The RBI drains overnight liquidity with a 75,000 crore reverse repo https://ratebrief.org/news/emerging/rbi-vrrr-75000-crore/ https://ratebrief.org/news/emerging/rbi-vrrr-75000-crore/ Tue, 22 Sep 2026 01:10:00 +0100 A variable rate reverse repo auction on 22 September takes one-day money off the table, reversing the next morning — the routine instrument that says how India reads its own liquidity. Swedish firms rate conditions above average for the first time since 2022 https://ratebrief.org/news/policy/riksbank-business-survey/ https://ratebrief.org/news/policy/riksbank-business-survey/ Tue, 22 Sep 2026 01:10:00 +0100 The Riksbank's August business survey finds the feared drag from the Middle East war did not arrive, with retail and hospitality the most optimistic. The useful half of a central bank statement is what it left out https://ratebrief.org/news/analysis/what-a-central-bank-did-not-say/ https://ratebrief.org/news/analysis/what-a-central-bank-did-not-say/ Tue, 22 Sep 2026 01:10:00 +0100 Four habits for reading a rate decision: the vote, the unchanged clause, the effective date, and the footnote nobody quotes. The ONS sets out how it intends to measure AI in the UK economy https://ratebrief.org/news/ons-ai-thematic-account/ https://ratebrief.org/news/ons-ai-thematic-account/ Tue, 22 Sep 2026 01:05:00 +0100 A methodology release on 21 September sets out how the UK statistical office intends to measure artificial intelligence in the economy — and labels the output as not official statistics. The FOMC raised by a quarter point to 3.75–4 percent on a 12–0 vote https://ratebrief.org/news/dollar/fomc-raises-to-3-75-4/ https://ratebrief.org/news/dollar/fomc-raises-to-3-75-4/ Tue, 22 Sep 2026 01:05:00 +0100 The statement of 16 September puts the federal funds target range a quarter point higher, describes activity as expanding at a solid pace, and keeps the ample-reserves framework unchanged. The ECB explains why this energy shock reached bills differently https://ratebrief.org/news/euro/ecb-energy-pass-through/ https://ratebrief.org/news/euro/ecb-energy-pass-through/ Tue, 22 Sep 2026 01:05:00 +0100 An Economic Bulletin box argues the 2026 energy shock is smaller than 2021-22, that renewables weakened the link from gas to power prices, and that retail pass-through itself has changed. The Bank of England borrows to fund its own currency reserves https://ratebrief.org/news/sterling/boe-fx-reserves-notice/ https://ratebrief.org/news/sterling/boe-fx-reserves-notice/ Tue, 22 Sep 2026 01:05:00 +0100 A market notice on 21 September runs under the framework set a year ago: two benchmark issues a year, professionals only, and reserves that are the Bank's own rather than the Treasury's.