Upcoming Global Central Bank Rate Decisions: November 10 - 14
Enduring Markets Sunday Newsletter
Upcoming Rate Decisions
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.
Mauritius: Bank of Mauritius (BoM) - Nov 12
The Bank of Mauritius kept its Key Repo Rate unchanged at 4.50% in its most recent decision (August 13, 2025).
Decision: Hold.
Key Rate: 4.50%.
Summary: Policymakers maintained the existing stance citing global and domestic economic uncertainties. While inflation had recently risen (to 3.1% in July 2025), largely due to budgetary measures, the BoM viewed this as temporary. They expect inflation to ease and remain within the 2–5% medium-term target. GDP growth for 2025 was slightly revised down.
Zambia: Bank of Zambia (BoZ) - Nov 12
The Bank of Zambia’s Monetary Policy Committee kept the Policy Rate unchanged at 14.5% in its most recent meeting (August 13, 2025).
Decision: Hold (second consecutive hold).
Key Rate: 14.5%.
Summary: The decision aimed to consolidate gains made on inflation, which had been trending downward (to 13.0% in July 2025) but remained well above the 6–8% target band. The BoZ anticipates inflation will fall into the target range earlier than previously projected (by Q1 2026). The hold also acknowledged lingering uncertainties from global trade and geopolitical tensions.
Serbia: National Bank of Serbia (NBS) - Nov 13
The National Bank of Serbia’s Executive Board kept the Key Policy Rate unchanged at 5.75% in its most recent decision (October 9, 2025), marking the thirteenth consecutive meeting without a change.
Decision: Hold (13th consecutive).
Key Rate: 5.75% (with Deposit Facility Rate at 4.50% and Lending Facility Rate at 7.00%).
Summary: The NBS maintained its steady approach, balancing inflation control with favorable economic growth. Headline inflation (4.7% in August) was driven by food prices but was expected to ease toward the 3±1.5% target range through year-end, supported by government measures. GDP growth was steady and expected to accelerate in the latter half of the year.
Peru: Central Reserve Bank of Peru (BCRP) - Nov 13
The Central Reserve Bank of Peru left its Reference Interest Rate unchanged at 4.25% in its most recent decision (October 9, 2025). This followed a 25 basis point cut in September 2025.
Decision: Hold.
Key Rate: 4.25%.
Summary: The BCRP cited a benign inflation outlook and economic activity that is near its potential. Annual inflation (1.4% in September) and 12-month expectations (2.2%) were within the 1–3% target range and projected to stay near the center. The decision positioned the rate at a level estimated to be neutral, with the BCRP noting it will continue to monitor data closely.