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 widely expected to hike deposit rate 25bp to 2.25% at its June 11 meeting — first hike since Sept 2023 — driven by Iran-war energy shock pushing euro-area inflation to 3%+. |
| USD | Federal Reserve (FOMC) | Hawkish | On hold at 3.50%-3.75%; majority of officials signal hike likely if Iran-war inflation persists. Only one cut projected for 2026, down from four. |
| AUD | Reserve Bank of Australia (RBA) | Hawkish | RBA hiked to 4.35% in May 2026. Economists divided on June meeting: some see another hike given persistent inflation, others expect pause to assess impact of prior tightening. |
| GBP | Bank of England (MPC) | Neutral | Holding at 3.75% through June 18 meeting. MPC voted 8-1 to hold in April; one dissenter sought 4%. Balancing above-target inflation (3.3%) against growth risks from energy shock. |
| CAD | Bank of Canada (BoC) | Neutral | Paused cutting cycle; rate decision June 10. Canada trade surplus widened to C$2.72bn in April. Oil price volatility from Hormuz crisis creates two-sided risk for BoC: inflation from energy vs. demand shock. |
| NZD | Reserve Bank of New Zealand (RBNZ) | Neutral | RBNZ paused its cycle in mid-2026 amid global energy-shock uncertainty. NZ inflation tracking higher from energy pass-through but growth slowing. |
| JPY | Bank of Japan (BoJ) | Neutral | Holding at 0.75% amid Iran-war-driven stagflation risk. Split 6-3 vote to hold in April; three dissenters wanted 1.0%. Reuters poll: no hike at June 16-17 meeting; 52% see rates unchanged through year-end. |
| CHF | Swiss National Bank (SNB) | Dovish | Holding at 0% (zero rate) since March 2026. SNB signaling greater FX intervention readiness to prevent excessive CHF appreciation amid risk-off flows from Iran war. |