Central bank rate changes on 28 Jul 2022

On 28 Jul 2022, 3 central banks we track changed their policy rate: the Federal Reserve raised its Federal funds target range by 75 bp to 2.25–2.50 %, the Hong Kong Monetary Authority raised its Base rate by 75 bp to 2.75 % and the Central Bank of Kuwait raised its Discount rate by 25 bp to 2.50 %.

Changes

Set by	Rate	Change
Federal Reserve · United States	2.25–2.50 %	↑ raised +75 bp
Hong Kong Monetary Authority · Hong Kong SAR	2.75 %	↑ raised +75 bp
Central Bank of Kuwait · Kuwait	2.50 %	↑ raised +25 bp

Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.