Eight Major Banks
BoE
Bank of England
Neutral
RBA
Reserve Bank of Australia
Neutral
BoC
Bank of Canada
Dovish
RBNZ
Reserve Bank of New Zealand
Dovish
SNB
Swiss National Bank
Neutral
BoJ
Bank of Japan
Hawkish
ECB
European Central Bank
Neutral
Fed
Federal Reserve (FOMC)
Dovish
Upcoming Meetings
Fed (FOMC)
Jun 17–18, 2025
Rate decision + press conference
Bank of England
Jun 19, 2025
MPC vote + statement
Bank of Japan
Jun 16–17, 2025
Policy rate + outlook
ECB
Jul 24, 2025
Rate decision + Lagarde presser
RBA
Jul 8, 2025
Rate decision + statement
Bank of Canada
Jul 30, 2025
Rate decision
RBNZ
Jul 9, 2025
OCR decision + MPS
SNB
Sep 18, 2025
Quarterly policy assessment
Latest Policy Summaries
🇬🇧
Bank of England
September 2025
Neutral
Rate Decision
4.00%
— Held (7–2 vote)
Tone
Neutral to modestly hawkish. Inflation persistence remains a concern despite easing trajectory.
Bias Implication
GBP supported near term. Cuts unlikely before 2026 — GBP bullish relative to dovish peers.
🇦🇺
Reserve Bank of Australia
September 2025
Neutral
Rate Decision
3.85%
— Held
Tone
Neutral. Cautious on inflation progress. Labour market remains resilient.
Bias Implication
AUD neutral to mildly supported. Cuts possible in 2026 — watch CPI data for directional shift.
🇨🇦
Bank of Canada
September 2025
Dovish
Rate Decision
3.60%
▼ Cut 25 bps
Tone
Dovish. Easing continues on data-dependent basis. Unemployment at 4.3%.
Bias Implication
CAD bearish. Gradual easing cycle underway — favour USD/CAD longs on pullbacks.
🇳🇿
Reserve Bank of New Zealand
August 2025
Dovish
Rate Decision
3.00%
▼ Cut 25 bps
Tone
Dovish. Focused on weak growth and easing inflation. Inflation at 2.7%.
Bias Implication
NZD bearish. Easing toward 2% mid-2026. NZD vulnerable against USD and GBP.
🇨🇭
Swiss National Bank
September 2025
Neutral
Rate Decision
1.25%
— Held
Tone
Neutral. Cautious on CHF strength. Inflation remains well under control.
Bias Implication
CHF neutral. SNB may intervene if CHF strengthens significantly. Monitor EUR/CHF for signals.
🇯🇵
Bank of Japan
September 2025
Hawkish
Rate Decision
0.50%
— Held (unanimous)
Tone
Slightly hawkish. Inflation forecasts upgraded. Watching wages and consumption data closely.
Bias Implication
JPY bullish medium term. Potential hike if wage data sustains — JPY strength narrative building.
🇪🇺
European Central Bank
September 2025
Neutral
Rate Decision
2.00%
— Held
Tone
Modestly hawkish. Inflation near target. Growth resilient but risks from trade and politics remain.
Bias Implication
EUR neutral to mildly supported. Geopolitical risk cap on EUR upside — watch EUR/USD 1.10 as key level.
🇺🇸
Federal Reserve (FOMC)
September 2025
Dovish
Rate Decision
4.25%
▼ Cut 25 bps
Tone
Dovish but highly data-dependent. Two more cuts expected in 2025 if inflation continues easing.
Bias Implication
USD bearish medium term. Easing cycle in progress — favour EUR, GBP, JPY strength against USD.