Friday, March 30, 2012

Monetary Policy Week in Review - 31 March 2012

The past week in monetary policy saw 5 banks announcing reductions to their official interest rates: Morocco -25bps to 3.00%, Belarus -200bps to 36.00%, Romania -25bps to 5.25%, Albania -25bps to 4.25%, and Kazakhstan -50bps to 6.50%.  The Bank of Zambia also announced its new benchmark interest rate would be set at 9.00%.  Those that held monetary policy settings unchanged were: Israel 2.50%, Turkey 5.75%, Hungary 7.00%, Georgia 6.50%, the Czech Republic 0.75%, South Africa 5.50%, and Uruguay 8.75%.

Looking at the central bank calendar, the week ahead sees the central banks of Uganda, Australia, Kenya, Poland, the EU, and UK meeting to review monetary policy settings.  The main market moving banks will be the RBA, ECB, and BoE, though none are likely to make any major moves.  Elsewhere the US Federal Reserve's FOMC releases its March meeting minutes on Tuesday, and the Swiss National Bank puts out its annual report on Thursday.

Apr-02
UGX
Uganda
Bank of Uganda
Apr-03
AUD
Australia
Reserve Bank of Australia
Apr-04
KES
Kenya
Central Bank of Kenya
Apr-04
PLN
Poland
National Bank of Poland
Apr-04
EUR
Eurozone
European Central Bank
Apr-05
GBP
United Kingdom
Bank of England



IMPORTANT NOTICE: The Central Bank News website is presently for sale, if you are interested please click through for more details.

2 comments:

  1. Come on y'all its rate cuttin' time

    ReplyDelete
  2. The regulation of the money...complex issue

    ReplyDelete