Global Monetary Policy Observatory
Hawk/Dove Monitor — G10 Central Banks
Pre-Decision Policy Previews →
Desk-style previews published the day before every G10 policy decision
🇧🇷
BRLBCB
Banco Central do Brasil
14.25%▼ CUT
No data7 members
🇿🇦
ZARSARB
South African Reserve Bank
7.00%● HOLD
+0.3266 members
6 per year
🇦🇺
AUDRBA
Reserve Bank of Australia
4.35%● HOLD
+0.2639 members
8 per year
🇳🇴
NOKNORGES
Norges Bank
4.25%● HOLD
+0.5985 members
8 per year
🇬🇧
GBPBOE
Bank of England
3.75%● HOLD
-0.0719 members
8 per year
🇺🇸
USDFED
Federal Reserve
3.63%● HOLD
+0.37719 members
8 per year
🇳🇿
NZDRBNZ
Reserve Bank of New Zealand
2.50%▲ HIKE
+0.5966 members
7 per year
🇪🇺
EURECB
European Central Bank
2.25%● HOLD
+0.27327 members
6 per year (policy) + 8 non-monetary
🇨🇦
CADBOC
Bank of Canada
2.25%● HOLD
+0.1906 members
8 per year
🇸🇪
SEKRIKSBANK
Sveriges Riksbank
1.75%● HOLD
+0.1215 members
5 per year
🇯🇵
JPYBOJ
Bank of Japan
1.00%● HOLD
+0.4939 members
8 per year
🇨🇭
CHFSNB
Swiss National Bank
0.00%● HOLD
-0.1357 members
4 per year
Hawk/Dove Composite
Policy Rates — Ranked
🇧🇷 BCB
14.25%▼
🇿🇦 SARB
7.00%●
🇦🇺 RBA
4.35%●
🇳🇴 NORGES
4.25%●
🇬🇧 BOE
3.75%●
🇺🇸 FED
3.63%●
🇳🇿 RBNZ
2.50%▲
🇪🇺 ECB
2.25%●
🇨🇦 BOC
2.25%●
🇸🇪 RIKSBANK
1.75%●
🇯🇵 BOJ
1.00%●
🇨🇭 SNB
0.00%●
Monetary Policy Stance
Policy Rates & Balance Sheet
Policy rate history with monthly balance sheet change for G10 central banks. Rate line shows the effective/target policy rate. Bars show monthly change in total assets — green for expansion (QE), red for contraction (QT).
3.63%policy rate
on hold since 2026-06-17Source data · Policy rate = effective/target rate · Balance sheet = monthly change in total assets ($bn) · Click any bar to view source data
Recent Speeches
| Date | CB | Speaker | Title | Score |
|---|---|---|---|---|
| 2026-07-31 | FED | Lisa Cook | +0.65 | |
| 2026-07-31 | FED | Christopher Waller | +0.55 | |
| 2026-07-31 | FED | Beth Hammack | +0.85 | |
| 2026-07-31 | ECB | Fabio Panetta | +0.25 | |
| 2026-07-31 | ECB | Dr Fritzi Köhler-Geib | +0.05 | |
| 2026-07-31 | BOE | Andrew Bailey | -0.15 | |
| 2026-07-31 | BOC | Tiff Macklem | +0.25 | |
| 2026-07-31 | RBA | Sarah Hunter | +0.05 | |
| 2026-07-30 | FED | Christopher Waller | +0.20 | |
| 2026-07-30 | ECB | Gabriel Makhlouf | +0.40 | |
| 2026-07-30 | RBA | Christopher Kent | -0.10 | |
| 2026-07-30 | RBA | Sarah Hunter | +0.30 | |
| 2026-07-28 | RBA | Michele Bullock | +0.55 | |
| 2026-07-23 | ECB | Boris Vujčić | +0.30 | |
| 2026-07-16 | FED | Philip Jefferson | -0.10 | |
| 2026-07-16 | FED | Lorie Logan | +0.75 | |
| 2026-07-16 | FED | Jeff Schmid | +0.55 | |
| 2026-07-15 | FED | Lisa Cook | +0.55 | |
| 2026-07-15 | FED | John Williams | -0.25 | |
| 2026-07-15 | ECB | Piero Cipollone | +0.40 |

