Central bank rate changes on 21 May 2025

On 21 May 2025, 3 central banks we track changed their policy rate: the Bank Indonesia cut its BI-Rate by 25 bp to 5.50 %, the Central Bank of Iceland cut its 7-day term deposit rate by 25 bp to 7.50 % and the Reserve Bank of Australia cut its Cash rate target by 25 bp to 3.85 %.

Changes

Set by	Rate	Change
Bank Indonesia · Indonesia	5.50 %	↓ cut −25 bp
Central Bank of Iceland · Iceland	7.50 %	↓ cut −25 bp
Reserve Bank of Australia · Australiaannounced 20 May 2025	3.85 %	↓ cut −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.