Friday, April 6, 2012

Monetary Policy Week in Review - 7 April 2012

The past week in monetary policy saw interest rate decisions announced by 7 central banks around the world.  Only Sri Lanka adjusted rates, adding 25bps to 7.75%.  Those that held rates unchanged were: Australia 4.25%, Uganda 21.00%, EU 1.00%, Kenya 18.00%, Poland 4.50%, and UK 0.50%.  The Bank of England held its asset purchase program (quantitative easing) unchanged at GBP 325 billion, and the European Central Bank made no changes to its SMP or LTRO.

Looking at the central bank calendar, the week ahead features interest rate decisions from the Bank of Japan, Bank Indonesia, and the Central Reserve Bank of Peru.  Also out next week is the US Federal Reserve's Beige Book report, the ECB's monthly bulletin, and China puts out all its Q4 and March economic and key monetary data.

Bank of Japan
Bank Indonesia
Central Reserve Bank of Peru

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1 comment:

  1. It will be interesting to see what action the SNB take in the coming week or two as the EURCHF 1.20 level comes under pressure.