Upcoming Global Central Bank Rate Decisions: January 19 - January 23 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.
Thursday, January 22, 2026
Norway: Norges Bank (NB)
Previous Decision: Hold (December 18, 2025)
Key Rate: 4.00% (Policy Rate)
Summary: In its final meeting of 2025, Norges Bank kept the policy rate unchanged at 4.00%. The Committee noted that while inflation had cooled throughout the year, the depreciation of the Krone (NOK) kept imported inflation risks alive. The Governor signaled that the policy rate would likely be kept at this level for “some time ahead” to ensure inflation returns sustainably to the 2% target, effectively pushing back expectations for early 2026 cuts.
Latest Press Release: Monetary Policy Meetings
Norges Bank is scheduled to announce its Policy Rate decision on Thursday, January 22, 2026 at 10:00 AM (Oslo time).
Türkiye: Central Bank of Türkiye (TCMB)
Previous Decision: Cut by 150 bps (December 11/18, 2025)
Key Rate: 38.00% (One-Week Repo Auction Rate)
Summary: The TCMB continued its easing cycle in December, lowering the policy rate from 39.5% to 38.0%. The decision was driven by softer-than-expected inflation data in November (monthly inflation slowed significantly). The Monetary Policy Committee (MPC) stated that while the tight stance is being eased, they remain vigilant regarding pricing behavior and services inflation, reaffirming their commitment to the 5% medium-term target.
Latest Press Release: Press Releases (TCMB)
The TCMB is scheduled to hold its Monetary Policy Committee meeting on Thursday, January 22, 2026, with the decision announced at 2:00 PM (Istanbul time).
Friday, January 23, 2026
Japan: Bank of Japan (BOJ)
Previous Decision: Hold (December 19, 2025)
Key Rate: 0.50% (Uncollateralized Overnight Call Rate)
Summary: The Bank of Japan maintained its policy rate at 0.50% to close out 2025. Governor Ueda emphasized the need to scrutinize the outcome of the upcoming Shunto (spring wage negotiations) before considering further hikes. While the economy continues to recover moderately, the Board opted to wait for more evidence that wages and prices have solidified, despite market speculation of an imminent move.
Latest Press Release: Monetary Policy Decisions
The BOJ’s Monetary Policy Meeting is a two-day event scheduled for January 22–23, 2026. The rate decision and outlook report will be released on Friday, January 23 (usually around 11:30 AM – 12:00 PM Tokyo time).