Major Central Bank Policy Rates (August 2026)
Fed, ECB, BOJ, BOE, Taiwan's CBC, China's PBOC and BOK — current policy rates and latest decisions across seven major central banks. In 2026 several turned hawkish or hiked as Middle East energy shocks pushed up inflation.
| Central bank | Policy rate | Current level | Latest decision | Recent action |
|---|---|---|---|---|
| US Fed | Fed funds target range | 3.50–3.75% | 2026-07-29 | Hold (3 dissents for a hike; hawkish) |
| ECB | Deposit facility rate | 2.25% | 2026-07-23 | Hold (hiked 25bp in June) |
| Bank of Japan | Short-term policy rate | 1.00% | 2026-07-31 | Hold (hiked 25bp Jun 16; highest since 1995) |
| Bank of England | Bank Rate | 3.75% | 2026-07-29 | Hold (6-3, three for a hike) |
| Taiwan CBC | Rediscount rate | 2.00% | 2026-06-18 | Hold (9th straight; hawkish) |
| China PBOC | 1-year LPR | 3.00% | 2026-08-20 | Hold (unchanged 15 months) |
| Bank of Korea | Base Rate | 2.75% | 2026-07-16 | Hiked 25bp (first hike since 2023) |
Method & sources
Each central bank's current policy rate and most recent decision, verified to the latest value in force as of August 2026. **The current rate level and the latest decision action are kept separate** (holding steady does not mean there is no prevailing rate). First-party sources are the central banks' own sites (federalreserve.gov, ecb.europa.eu, boj.or.jp, bankofengland.co.uk, cbc.gov.tw, bok.or.kr); China's LPR is corroborated via gov.cn (a pbc.gov.cn first-party link is recommended). **Rates and decision dates go stale quickly** — this is an Aug 2026 snapshot; check each bank's site for later decisions. Context: several 2026 decisions cite Middle East / Iran energy shocks lifting inflation (ECB, BOJ, BOK hiked; Fed/BOE/CBC held hawkishly). Sources: Fed https://www.federalreserve.gov/newsevents/pressreleases/monetary20260729a1.htm ; ECB https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html ; CBC https://www.cbc.gov.tw/tw/cp-302-192416-38c80-1.html .
Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20260729a1.htm
Retrieved: 2026-08-23
FAQ
- What does "Major Central Bank Policy Rates (August 2026)" cover?
- It covers US Fed, ECB, Bank of Japan, Bank of England, Taiwan CBC, China PBOC, Bank of Korea, compared across: Central bank, Policy rate, Current level, Latest decision, Recent action.
- What are the sources and methodology?
- Each central bank's current policy rate and most recent decision, verified to the latest value in force as of August 2026.
- When was this data last updated?
- The data was retrieved/updated on 2026-08-23.