The decision in brief
The policy rate is held unchanged at 4 per cent. It can probably be cut in May or June.
Inflation has continued to fall and is approaching 2 per cent, but there is a risk of setbacks.
The economic downturn is expected to be relatively short-lived.
Policy rate
4.00%
Applies from 3 April 2024
Decision documentation
- Press release: Policy rate unchanged at 4 per cent
- Monetary Policy Report March 2024
- Numerical data, Monetary Policy Report March 2024
- Forecasts and outcomes, March 2024
- Monetary policy decision March 2024, Policy rate decision
- Slides from the press conference 27 March 2024
- Minutes of the Monetary Policy Meeting held on 26 March 2024
- Voting by the Executive Board on interest rate decisions
Next monetary policy decision?
The next monetary policy meeting will take place on 7 May 2024 and information on the monetary policy decision, including the policy rate, will be communicated the day after, 8 May 2024.
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