# October 2026 Monthly

> Central banks signal rate hikes as emerging markets stabilize.
- Title: October 2026 Monthly · Seekingalpha | Shortify
- Summary: Central banks signal rate hikes as emerging markets stabilize. The third quarter ended with rate hikes by the Federal Reserve, European Central Bank, and…
- Keywords: federal reserve, european central bank, bank of japan, bank of england, chinese yuan, bcwi, swiss franc, us dollar, central banks, emerging markets, money, business
- Source: Seekingalpha — https://seekingalpha.com/article/4951840-october-2026-monthly
- Author: Marc Chandler
- Published: 2026-10-04T12:30:00+00:00
- Read time: 1 min
- Topics: federal reserve, european central bank, bank of japan, bank of england, chinese yuan, bcwi, swiss franc, us dollar, central banks, emerging markets, money, business
## Central banks raise rates
The third quarter ended with rate hikes by the Federal Reserve, European Central Bank, and Bank of Japan.
## Emerging markets show slight resilience
Emerging market economy currencies fared somewhat better collectively. The Chinese yuan, which accounts for almost 21% of the BCWI, rose by an insignificant 0.20% in September.
## Bank of England signals upcoming hike
The Bank of England stood pat in September but seemed to signal a hike was coming, and the swaps market has a little more than an 85% chance that it will be delivered at the next meeting in early November.
## Canada's two-year discount nears record
Canada's two-year discount reached and approached the 28-year high seen last year near 155 bp.
## Yen funding shifts to other currencies
Some of the yen's funding role appeared to have been shifted to the Swiss franc and US dollar.
## Key takeaway

The third quarter ended with rate hikes by the Federal Reserve, European Central Bank, and Bank of Japan, with emerging market currencies showing slight resilience.