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Central bank interest rates

The main rate set by each central bank, highest first. Rate changes, and what traders expect of them, are among the biggest drivers of currencies.

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Rate gaps between currencies

A wide gap is part of why some pairs trend for months: holding the higher-rate currency earns the difference (the "carry").

Source: Bank for International Settlements (official policy rates; a decision usually shows here within a few days). The Fed sets a range; gaps use its middle. Next meeting dates are read from each bank's published schedule.

Questions traders ask

What are the current central bank interest rates?

The table above shows the latest policy rate of each major central bank, when it last changed and its next meeting, from official figures.

Why do interest rates move currencies?

Higher rates tend to attract money to a currency, and expected changes move markets even before they happen, so rate decisions are among the biggest events for forex traders.

When is the next Fed meeting?

The next meeting date for the Fed and the other major banks is listed in the table, read from each bank's own published calendar.

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