Canada's Bank of Canada held its overnight rate at 2.25% at its April 2026 meeting, and the message from the Governing Council was deliberate in its ambiguity. The bank refrained from giving clear direction on future rates, cited an "uncertain geopolitical backdrop," and acknowledged that
Australia came into 2026 expecting rate relief. The Reserve Bank had cut three times in 2025 and borrowers with variable rate mortgages had finally started to breathe a little easier after the aggressive hiking cycle of 2022 to 2024. Then inflation came back, and the RBA changed direction again. The
The European Central Bank's decision to hold its deposit facility rate at 2% on April 30, 2026, was widely expected. What was not expected to generate as much attention is the conversation happening inside the Governing Council about whether that 2% will be the bottom of the rate
The Bank of England voted 8 to 1 to keep its benchmark Bank Rate unchanged at 3.75% in April 2026. One member voted to raise rates to 4%. That split says something about where the debate inside Threadneedle Street currently sits. UK inflation has been moving in the wrong