> Interest Rate Decision Today: Fed, ECB, BoE Calendar and Results > Source: https://interestratedecision.com/ > InterestRateDecision.com: free to quote with a link to the page above. Next: Riksbank Wed, Nov 4, 9:30 AM GMT+1, hike 25 bp to 2.00% expected. Live countdown, every central bank's rate, expectations, results and the market… Live calendar10 central banksData Nov 3, 2026, 8:20 AM UTC # Interest rate decisions, measured to the minute. When every central bank decides, what the market expects, the result, and what price did in the minutes after: measured on real candles, with a projection drawn before each decision. [Riksbank preview · Nov 4](https://interestratedecision.com/riksbank/november-2026/) [Full calendar](https://interestratedecision.com/calendar/) Measured **136**decisions on one-minute candles since January 2025 Closed back **66%**of first spikes, inside the hour-before range within 60 minutes First move **26pips**median in the first 15 minutes Next decision Riksbank · EUR/SEK SEK **Sveriges Riksbank**Executive Board hike expected 01days 00hrs 08min 19sec **Wed, Nov 4 · 9:30 AM GMT+1** Your time: 8:30 AM UTC Rate now 1.75% Expected Hike 25 bp to 2.00% Last move −25 bp · Sep 23 Press conf. 11:00 AM GMT+1 [Preview & EUR/SEK projection](https://interestratedecision.com/riksbank/november-2026/) ## Key facts as of Nov 3, 2026, 8:20 AM UTC - The next central bank decision is the Sveriges Riksbank's, on Nov 4, 2026 at 9:30 AM GMT+1 (8:30 AM UTC); economists expect: hike 25 bp to 2.00%. [More](https://interestratedecision.com/riksbank/november-2026/) - The Sveriges Riksbank's policy rate is 1.75%, last changed on Sep 23, 2025 (a cut of 25 bp). Its next decision is on Nov 4, 2026 at 8:30 AM UTC; economists expect: hike 25 bp to 2.00%; the odds from the record: hike 92%. [More](https://interestratedecision.com/riksbank/rate-odds/) - Norges Bank's policy rate is 4.50%, last changed on Sep 24, 2026 (a hike of 25 bp). Its next decision is on Nov 5, 2026 at 9:00 AM UTC; economists expect: hold at 4.50%; the odds from the record: hold 91%. [More](https://interestratedecision.com/norges/rate-odds/) - The Bank of England's Bank Rate is 3.75%, last changed on Dec 18, 2025 (a cut of 25 bp). Its next decision is on Nov 5, 2026 at 12:00 PM UTC; economists expect: hike 25 bp to 4.00%; the odds from the record: hike 94%. [More](https://interestratedecision.com/boe/rate-odds/) - The Reserve Bank of Australia's cash rate target is 4.85%, last changed on Nov 3, 2026 (a hike of 25 bp). Its next decision is on Dec 8, 2026 at 3:30 AM UTC; the odds from the record: hike 66%. [More](https://interestratedecision.com/rba/rate-odds/) - The Reserve Bank of New Zealand's Official Cash Rate is 2.75%, last changed on Sep 2, 2026 (a hike of 25 bp). Its next decision is on Dec 9, 2026 at 1:00 AM UTC; the odds from the record: hold 82%. [More](https://interestratedecision.com/rbnz/rate-odds/) - The Bank of Canada's overnight rate target is 2.50%, last changed on Oct 28, 2026 (a hike of 25 bp). Its next decision is on Dec 9, 2026 at 2:45 PM UTC; the odds from the record: hike 61%. [More](https://interestratedecision.com/boc/rate-odds/) - The Federal Reserve's federal funds rate is 3.75%–4.00%, last changed on Sep 16, 2026 (a hike of 25 bp). Its next decision is on Dec 9, 2026 at 7:00 PM UTC; the odds from the record: hold 62%. [More](https://interestratedecision.com/fed/rate-odds/) - The Swiss National Bank's SNB policy rate is 0.00%, last changed on Jun 19, 2025 (a cut of 25 bp). Its next decision is on Dec 10, 2026 at 8:30 AM UTC; the odds from the record: hold 93%. [More](https://interestratedecision.com/snb/rate-odds/) - The European Central Bank's deposit facility rate is 2.50%, last changed on Sep 10, 2026 (a hike of 25 bp). Its next decision is on Dec 17, 2026 at 1:15 PM UTC; the odds from the record: hold 75%. [More](https://interestratedecision.com/ecb/rate-odds/) - The Bank of Japan's short-term policy interest rate is 1.25%, last changed on Sep 18, 2026 (a hike of 25 bp). Its next decision is on Dec 18, 2026 at 3:00 AM UTC; the odds from the record: hold 75%. [More](https://interestratedecision.com/boj/rate-odds/) Source: InterestRateDecision.com, from the central banks' decisions and economists' consensus. Free to quote with a link. 01Central bank interest rates today ## Every central bank rate, and when each decides next The rate each bank has set, its last move, its path since 2024 and its decisions in the next eight weeks, as of Nov 3, 2026. Each one since 2008, with the pairs' rate differentials: [central bank rates today](https://interestratedecision.com/central-bank-rates/). - Hike expected - Hold expected - Cut expected - No consensus yet | Central bank | Rate · last move | Since 2024 | The next eight weeks | Next decision | | --- | --- | --- | --- | --- | | USD [Federal Reserve](https://interestratedecision.com/fed/)federal funds rate (target range) | **3.75%–4.00%** ▲ +25 bpSep 16 2026 | | [Dec 9](https://interestratedecision.com/fed/december-2026/) | [**Wed, Dec 9**](https://interestratedecision.com/fed/december-2026/) in 36d 10h No consensus yet | | EUR [European Central Bank](https://interestratedecision.com/ecb/)deposit facility rate | **2.50%** ▲ +25 bpSep 10 2026 | | [Dec 17](https://interestratedecision.com/ecb/december-2026/) | [**Thu, Dec 17**](https://interestratedecision.com/ecb/december-2026/) in 44d 4h No consensus yet | | GBP [Bank of England](https://interestratedecision.com/boe/)Bank Rate | **3.75%** ▼ −25 bpDec 18 2025 | | [Nov 5](https://interestratedecision.com/boe/november-2026/) [Dec 17](https://interestratedecision.com/boe/december-2026/) | [**Thu, Nov 5**](https://interestratedecision.com/boe/november-2026/) in 2d 3h Hike expected | | JPY [Bank of Japan](https://interestratedecision.com/boj/)short-term policy interest rate | **1.25%** ▲ +25 bpSep 18 2026 | | [Dec 18](https://interestratedecision.com/boj/december-2026/) | [**Fri, Dec 18**](https://interestratedecision.com/boj/december-2026/) in 44d 18h No consensus yet | | CAD [Bank of Canada](https://interestratedecision.com/boc/)overnight rate target | **2.50%** ▲ +25 bpOct 28 2026 | | [Dec 9](https://interestratedecision.com/boc/december-2026/) | [**Wed, Dec 9**](https://interestratedecision.com/boc/december-2026/) in 36d 6h No consensus yet | | AUD [Reserve Bank of Australia](https://interestratedecision.com/rba/)cash rate target | **4.85%** ▲ +25 bpNov 3 2026 | | [Dec 8](https://interestratedecision.com/rba/december-2026/) | [**Tue, Dec 8**](https://interestratedecision.com/rba/december-2026/) in 34d 19h No consensus yet | | NZD [Reserve Bank of New Zealand](https://interestratedecision.com/rbnz/)Official Cash Rate (OCR) | **2.75%** ▲ +25 bpSep 2 2026 | | [Dec 9](https://interestratedecision.com/rbnz/december-2026/) | [**Wed, Dec 9**](https://interestratedecision.com/rbnz/december-2026/) in 35d 16h No consensus yet | | CHF [Swiss National Bank](https://interestratedecision.com/snb/)SNB policy rate | **0.00%** ▼ −25 bpJun 19 2025 | | [Dec 10](https://interestratedecision.com/snb/december-2026/) | [**Thu, Dec 10**](https://interestratedecision.com/snb/december-2026/) in 37d 0h No consensus yet | | NOK [Norges Bank](https://interestratedecision.com/norges/)policy rate | **4.50%** ▲ +25 bpSep 24 2026 | | [Nov 5](https://interestratedecision.com/norges/november-2026/) [Dec 17](https://interestratedecision.com/norges/december-2026/) | [**Thu, Nov 5**](https://interestratedecision.com/norges/november-2026/) in 2d 0h Hold expected | | SEK [Sveriges Riksbank](https://interestratedecision.com/riksbank/)policy rate | **1.75%** ▼ −25 bpSep 23 2025 | | [Nov 4](https://interestratedecision.com/riksbank/november-2026/) [Dec 16](https://interestratedecision.com/riksbank/december-2026/) | [**Wed, Nov 4**](https://interestratedecision.com/riksbank/november-2026/) in 1d 0h Hike expected | The Fed sets a range a quarter point wide. The ECB figure is its deposit facility rate. Expected: FXStreet's economists' consensus. Dates are each bank's own. 02The next fourteen days ## Interest rate decisions this week and next 3 decisions in 2 days, in New York time with your own time beside it. The expected figure is the economists' consensus. Week by week: [rate decisions this week](https://interestratedecision.com/this-week/). [All meetings to 2027 →](https://interestratedecision.com/calendar/) **Wednesday** Nov 4 - [**3:30 AM**EST · 8:30 AM UTC yours SEK**Riksbank**Sveriges Riksbank Now**1.75%** ▲ hike +25 bp → 2.00%](https://interestratedecision.com/riksbank/november-2026/) **Thursday** Nov 5 - [**4:00 AM**EST · 9:00 AM UTC yours NOK**Norges Bank**Norges Bank Now**4.50%** ■ hold 4.50%](https://interestratedecision.com/norges/november-2026/) - [**7:00 AM**EST · 12:00 PM UTC yours GBP**BoE**Bank of England Now**3.75%** ▲ hike +25 bp → 4.00%](https://interestratedecision.com/boe/november-2026/) 03What the decision does to price ## The first spike is often not the move. A decision brings a burst of orders at one exact minute. The first spike usually runs past the range of the hour before, where stops are resting. Then watch the close: when a five-minute candle closes back inside, the stops have been taken and the move often belongs to the other side. EUR/USD · one-minute candles · Frankfurt time **European Central Bank, Oct 29, 2026: held at 2.50%, as expected** [Open this decision →](https://interestratedecision.com/ecb/october-2026/) 1. The hour before **25 pips** Price waits. Orders build above and below a tight range. 2. The spike **▼ 21 pips** The decision lands and price runs below the low, into the stops resting there. 3. The close back **20 min** A five-minute candle closes back inside the range. The stops are taken; the spike is spent. 4. The other side **+6.8 pips** With one side's stops gone, price goes for the other's: EUR/USD one hour after the decision. The record · 136 decisions since January 2025 **90/136** first spikes closed back inside the hour-before range within 60 minutes. In 53 of them price then took the other side within four hours. The rest held their first move, and they are counted too. [How we measure →](https://interestratedecision.com/about/#method) - [Fed](https://interestratedecision.com/fed/) 11/15 - [ECB](https://interestratedecision.com/ecb/) 11/15 - [BoE](https://interestratedecision.com/boe/) 8/14 - [BoJ](https://interestratedecision.com/boj/) 12/15 - [BoC](https://interestratedecision.com/boc/) 12/15 - [RBA](https://interestratedecision.com/rba/) 8/14 - [RBNZ](https://interestratedecision.com/rbnz/) 4/13 - [SNB](https://interestratedecision.com/snb/) 4/7 - [Norges Bank](https://interestratedecision.com/norges/) 8/14 - [Riksbank](https://interestratedecision.com/riksbank/) 12/14 04Projections ## Where the stops rest before each decision Drawn from real 15-minute candles: the nearest standing high and low, and the two plays. A: the spike runs the high, closes back, and the low is next. B: the mirror. Neither is a promise; most days one of them plays and some days neither does. Vote on which one plays; the split shows once you vote. SEK **EUR/SEK**Riksbank · Wed, Nov 4 NOK **EUR/NOK**Norges Bank · Thu, Nov 5 GBP **GBP/USD**BoE · Thu, Nov 5 [Riksbank preview and the full map →](https://interestratedecision.com/riksbank/november-2026/) [Norges Bank preview and the full map →](https://interestratedecision.com/norges/november-2026/) [BoE preview and the full map →](https://interestratedecision.com/boe/november-2026/) 05How to read a decision ## Four moments, in order A decision is not one number. It is four things released over about an hour, and price can turn at each. 1. Days before ### The expectation What the market expects is already in the price. Only the difference between the decision and the expectation moves it, which is why a hike can sink a currency. 2. T + 0 ### The decision Hike, cut or hold, released at one fixed minute. The first spike is fast and runs both ways; it goes for where the stops are, not for the meaning. 3. T + 0 ### The statement The wording, the vote and, four times a year, the projections. One changed phrase about inflation can outweigh the rate itself. 4. T + 30 to 60 ### The press conference The governor answers questions, and the second move is often made here. On the Fed it starts thirty minutes after the statement. Hawkish**The currency tends to rise** - A hike, or a bigger hike than expected - A hold when a cut was expected - More hikes, or fewer cuts, in the projections - Votes for a hike, or worry about inflation in the statement Dovish**The currency tends to fall** - A cut, or a bigger cut than expected - A hold when a hike was expected - Fewer hikes, or more cuts, in the projections - Votes for a cut, or worry about growth and jobs Both are measured against what was expected. [Hawkish vs dovish, in full →](https://interestratedecision.com/hawkish-vs-dovish/) [The guide **How to trade interest rate decisions** The hour before, the hunt, the close back and the targets, on real decisions. Read the guide](https://interestratedecision.com/how-to-trade-interest-rate-decisions/) 06Latest results ## Recent interest rate decisions The decision against what was expected, and what the pair did in the hour after. | Central bank | Decision | Against expected | Pair, 1 hour after | | | --- | --- | --- | --- | --- | | AUD [RBA](https://interestratedecision.com/rba/)Nov 3, 2026 | ▲ Raised 25 bp to 4.85% | as expected | — | [Chart →](https://interestratedecision.com/rba/november-2026/) | | JPY [BoJ](https://interestratedecision.com/boj/)Oct 30, 2026 | ■ Held at 1.25% | as expected | USD/JPY −11 pips | [Chart →](https://interestratedecision.com/boj/october-2026/) | | EUR [ECB](https://interestratedecision.com/ecb/)Oct 29, 2026 | ■ Held at 2.50% | as expected | EUR/USD +6.8 pips | [Chart →](https://interestratedecision.com/ecb/october-2026/) | | USD [Fed](https://interestratedecision.com/fed/)Oct 28, 2026 | ■ Held at 3.75%–4.00% | as expected | EUR/USD +13 pips | [Chart →](https://interestratedecision.com/fed/october-2026/) | | CAD [BoC](https://interestratedecision.com/boc/)Oct 28, 2026 | ▲ Raised 25 bp to 2.50% | as expected | USD/CAD +8.6 pips | [Chart →](https://interestratedecision.com/boc/october-2026/) | | NZD [RBNZ](https://interestratedecision.com/rbnz/)Oct 28, 2026 | ■ Held at 2.75% | 25 bp more dovish than expected | NZD/USD −60 pips | [Chart →](https://interestratedecision.com/rbnz/october-2026/) | | AUD [RBA](https://interestratedecision.com/rba/)Sep 29, 2026 | ▲ Raised 25 bp to 4.60% | as expected | AUD/USD +10 pips | [Chart →](https://interestratedecision.com/rba/september-2026/) | | NOK [Norges Bank](https://interestratedecision.com/norges/)Sep 24, 2026 | ▲ Raised 25 bp to 4.50% | as expected | EUR/NOK −298 pips | [Chart →](https://interestratedecision.com/norges/september-2026/) | 07Questions ## Interest rate decisions, answered Short answers. Each bank's page goes further. [Add every decision to your calendar](https://interestratedecision.com/calendar.ics) What is an interest rate decision? The moment a central bank announces its policy rate: the rate it pays or charges banks overnight, which every other rate in the economy follows. Most major banks decide eight times a year, at a time fixed in advance. Markets move on the decision against what was expected, on the statement that comes with it, and on the press conference after. When is the next interest rate decision? The next one is the Sveriges Riksbank (Riksbank) on Wed, Nov 4 at 9:30 AM GMT+1. This week also: Norges Bank Thu, Nov 5, BoE Thu, Nov 5. The [calendar](https://interestratedecision.com/calendar/) has every meeting to the end of 2027. What time are interest rate decisions announced? Each bank has its own fixed time, in its own city: the Fed at 2:00 pm New York, the ECB at 2:15 pm Frankfurt, the Bank of England at noon London, the Bank of Canada at 9:45 am Ottawa, the RBA at 2:30 pm Sydney, the RBNZ at 2:00 pm Wellington and the SNB at 9:30 am Zurich. The Bank of Japan has no fixed time; it usually announces around midday Tokyo time. How do interest rate decisions affect forex? A currency tends to rise when its central bank is more hawkish than expected (higher rates, or more hikes signalled) and fall when it is more dovish. But the first move is often not the lasting one: across 136 decisions since January 2025, the first spike closed back inside the range of the hour before within sixty minutes 90 times (66%). [How to trade them](https://interestratedecision.com/how-to-trade-interest-rate-decisions/). What do hawkish and dovish mean? Hawkish: leaning towards higher rates to fight inflation, which tends to lift the currency. Dovish: leaning towards lower rates to support growth, which tends to weaken it. A bank can be hawkish while cutting, if it cuts less than expected or signals it will stop. Where does the "expected" figure come from? It is the consensus of economists surveyed for the FXStreet economic calendar. Markets also price each meeting through rate futures; the two usually agree in the final days before a decision. Can I put the decisions in my calendar? Yes. [Subscribe to all ten banks](https://interestratedecision.com/calendar.ics), or to one bank from its page. Each event carries the time and a link to the preview, and your calendar updates itself when we do. By Forexia ## Learn the read behind every projection. Forexia teaches the same read this site measures: where the stops rest before a release, the hunt, and the close back that says it is done. Courses, live signals for members, and a community of traders who chart the same way. [Explore Forexia](https://forexiapro.com/?via=interestratedecision) [Free Telegram channel](https://t.me/forexia2)