What is inside
Public view shows each currency's current central bank tone and directional policy bias.
Members get deeper intelligence layers including score-weighted ranking, regime change signals, and cross-market context.
| Currency | Central Bank | Tone | Bias |
|---|---|---|---|
| EUR | European Central Bank (ECB) | Hawkish | ECB delivered first rate hike since 2023 at June 2026 meeting (+25bp), bringing deposit rate to 2.25%, driven by energy-inflation shock from Iran conflict. |
| USD | Federal Reserve (Federal Open Market Committee) | Hawkish | Fed holding rates at 3.50-3.75% amid surging inflation driven by Iran conflict energy shock; hike bias intensifying for H2 2026. |
| AUD | Reserve Bank of Australia | Hawkish | RBA hiked 25bp to 4.35% at May 2026 meeting (third consecutive hike); fully unwound 2025 easing cycle; June 16 meeting expected to hold but August hike possible. |
| JPY | Bank of Japan | Hawkish | BoJ widely expected to hike to 1.0% at June 16 meeting as real rates remain deeply negative and inflation persistence above 2% target justifies normalization. |
| GBP | Bank of England (Monetary Policy Committee) | Neutral | BoE holding at 3.75% throughout 2026 with one dissenter voting for 25bp hike; September hike now fully priced by markets. |
| NZD | Reserve Bank of New Zealand | Neutral | RBNZ at 2.25% with rate hike expected at early July meeting as inflation risks push above 1-3% target band despite decade-high unemployment. |
| CAD | Bank of Canada | Neutral | BoC holding overnight rate at 2.25%; few signs energy costs spilling into broader inflation; waiting on data given Iran conflict uncertainty. |
| CHF | Swiss National Bank | Neutral | SNB holding at 0%; signaling greater willingness to use FX intervention to prevent excessive CHF appreciation; not expected to hike until H2 2027. |