Saturday, October 23, 2010

Recent Monetary Policy Decisions - 23 Oct 2010

In brief, here are some recent monetary policy decisions from the CBN Twitter account:
  • Venezuela's Central Bank dropped the minimum reserve requirement for bolivar deposits 300bps to 20% from 23% to increase liquidity, and stimulate the flagging economy
  • Banco Central do Brasil "evaluating the macroeconomic outlook and the prospects for inflation, Copom..." held the Selic rate at 10.75%
  • The Bank of Thailand held its main interest rate at 1.75%, pausing after 2 straight increases, citing risks of a slowing global economy
  • The Bank of Canada maintained its key lending rate at 1.00% due to a weaker US economy, subdued domestic housing market, concerns on the global economy
  • The Central Bank of Sri Lanka held the repo and reverse repo rates at 7.25% and 9.0%, respectively, due to subdued inflation pressure
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