Upcoming Global Central Bank Rate Decisions: January 26 - January 30 2026
Enduring Markets Sunday Newsletter
Welcome to this week’s Enduring Markets’ Sunday Newsletter, providing a look ahead at the crucial interest rate decisions from central banks across the globe.
We’ve compiled the schedule and a brief summary of the official press releases from each MPC’s most recent policy meetings.
Wednesday, January 28, 2026
Canada: Bank of Canada (BoC)
Previous Decision: Hold (December 10, 2025)
Key Rate: 2.25% (Overnight Rate)
Summary: The Bank of Canada held its policy rate steady to close out 2025, maintaining the 2.25% level reached after the October cut. Governor Macklem signaled that the easing cycle might be pausing to allow the impacts of 2025’s rate cuts to fully permeate the economy. The decision reflected a “wait-and-see” approach, balancing a stabilizing inflation outlook with the risk of re-accelerating housing prices.
Latest Press Release: Bank of Canada Official Press Releases
Schedule: The Bank of Canada is scheduled to release its interest rate announcement and Monetary Policy Report on Wednesday, January 28, 2026, at 9:45 AM (ET).
USA: Federal Reserve (FED)
Previous Decision: Cut by 25 bps (December 10, 2025)
Key Rate: 3.50% – 3.75% (Federal Funds Rate)
Summary: The FOMC delivered a 25 basis point cut in its final meeting of 2025, continuing the gradual easing path started earlier in the year. Chair Powell noted that while inflation has not yet perfectly aligned with the 2% target, the balance of risks had shifted sufficiently towards the labor market to warrant further easing. This marked the third cut of 2025.
Latest Press Release: Federal Reserve Board - Press Releases
Schedule: The FOMC’s two-day meeting concludes on Wednesday, January 28, 2026, with the policy statement released at 2:00 PM (ET).
Thursday, January 29, 2026
Sweden: Sveriges Riksbank (SRB)
Previous Decision: Hold (December 18, 2025)
Key Rate: 1.75% (Policy Rate)
Summary: The Riksbank Executive Board decided to leave the policy rate unchanged at 1.75% in December. The Board assessed that inflationary pressures were largely in line with the target, but emphasized that the economic recovery remained fragile. The decision to hold was intended to support domestic demand while maintaining readiness to act if the Krona weakened further.
Latest Press Release: Riksbank Notices and Press Releases
Schedule: The Riksbank is scheduled to publish its monetary policy decision on Thursday, January 29, 2026, at 9:30 AM (CET).
South Africa: South African Reserve Bank (SARB)
Previous Decision: Cut by 25 bps (November 20, 2025)
Key Rate: 6.75% (Repo Rate)
Summary: The SARB continued its easing cycle in November with a 25-basis-point reduction. The Committee cited improved inflation forecasts, which indicated that headline inflation was stabilizing near the midpoint of the target range. However, the Governor warned that the cutting cycle would remain cautious due to global uncertainties and administered price risks.
Latest Press Release: Monetary Policy Statements (SARB)
Schedule: The Monetary Policy Committee is scheduled to announce its decision on Thursday, January 29, 2026, at roughly 3:00 PM (SAST).