Reference table · MacroMatrixFX

Central bank interest rates and meeting dates 2026–2027

By Macro Research Technologies · Checked against official sources on 5 November 2026

The policy rate of each central bank behind the major currency pairs, when it last changed, and when each bank decides next. Every figure comes from the bank's own website and is cross-checked against the BIS policy-rate series. Rates include every decision announced up to the date above.

Current central bank interest rates

Each rate links to the bank's own page. The euro area figure is the ECB's deposit facility rate, the rate that currently steers short-term euro interest rates; the main refinancing rate sits above it.

Policy-rate gap for 10 major currency pairs

For a currency pair, what matters is the difference between the two policy rates, not either rate alone. The table subtracts the quote currency's rate from the base currency's (where the Fed sets a range, the gap is shown as a range). A positive gap means the base currency carries the higher policy rate.

This is a gap between official policy rates. It is not the swap or rollover rate a broker charges, and it says nothing about where the rates are expected to go. Markets usually move on changes in the expected path of both rates, which is why a decision that matches expectations can leave a pair unmoved.

Central bank meeting dates 2026–2027

Decision days in each bank's local time. Past dates are kept for reference.

How to use this table for a fundamental bias

1. Compare the two sides of a pair. A fundamental bias on a currency pair is always relative, and the policy-rate gap is its most common anchor.
2. Note the next decision for either currency. Until it passes, the rate inputs to a bias are about to change.
3. Read the statement, not just the number. Guidance about future decisions often matters more than the decision itself.
4. Check the releases between meetings on an economic calendar. Inflation and jobs data shape the next decision.

See rates in context in MacroMatrixFX

MacroMatrixFX reads the rates and policy family alongside inflation, growth, positioning and risk for 10 major pairs, with a confidence reading on every score and the calendar built in. EUR/USD, GBP/USD and USD/JPY are free.

Explore MacroMatrixFX · How we score fundamental bias · Forex market hours

Sources: each bank's rate and calendar page linked above, and the BIS central bank policy rates series. You may reuse this table under CC BY 4.0 with a link to this page.

Educational content only, not financial advice. Rates and dates can change at short notice; confirm on the bank's own site before relying on them. Trading foreign exchange involves risk of loss. Contact us with corrections.