Central bank rate changes on 23 Mar 2023
On 23 Mar 2023, 5 central banks we track changed their policy rate: the Bank Al-Maghrib raised its Key rate by 50 bp to 3.00 %, the Bank of England raised its Bank Rate by 25 bp to 4.25 %, the Federal Reserve raised its Federal funds target range by 25 bp to 4.75–5.00 %, the Hong Kong Monetary Authority raised its Base rate by 25 bp to 5.25 % and the Saudi Central Bank raised its Repo rate by 25 bp to 5.50 %.
Changes
| Set by | Rate | Change |
|---|---|---|
 Bank Al-Maghrib · Morocco | 3.00 % | raised +50 bp |
 Bank of England · United Kingdom | 4.25 % | raised +25 bp |
 Federal Reserve · United States | 4.75–5.00 % | raised +25 bp |
 Hong Kong Monetary Authority · Hong Kong SAR | 5.25 % | raised +25 bp |
 Saudi Central Bank · Saudi Arabia | 5.50 % | 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.