Friday, June 1, 2012

Monetary Policy Week in Review - 2 June 2012

The past week in monetary policy saw interest rate decisions announced by 8 central banks around the world.  Those that altered interest rates were: Brazil, cutting 50 basis points to a low of 8.50%; Denmark, trimming a further -15bps to 0.45%; and Uganda dropping -100bps to 20.00%.  Meanwhile the central banks that held interest rates unchanged were: Hungary 7.00%, Turkey 5.75%, Zambia 9.00%, Colombia 5.25%, and Israel 2.50%.  Elsewhere in monetary policy, the Central Bank of Egypt cut its RRR -200bps to 10 percent.

Looking at the central bank calendar, the week ahead is set to be a big one in terms of monetary policy meetings.  However the RBA is expected to hold fire at 3.75% this time, likewise the BOC is expected to hold at 1.00%, and the ECB and BoE are expected to hold at 1.00% and 0.50% respectively; and keep their asset purchase programs unchanged.  Of course this does not preclude them from taking action, as the economic and geopolitical backdrop arguably warrants action. Outside of the main central banks, the National Bank of Poland, Central Reserve Bank of Peru, and Banco de Mexico also meet to review monetary policy settings.


Jun-05
AUD
Australia
Reserve Bank of Australia
Jun-05
CAD
Canada
Bank of Canada
Jun-06
PLN
Poland
National Bank of Poland
Jun-06
EUR
Eurozone
European Central Bank
Jun-07
GBP
United Kingdom
Bank of England
Jun-07
PEN
Peru
Central Reserve Bank of Peru
Jun-08
MXN
Mexico
Banco de Mexico

Source: www.CentralBankNews.info

Article source: http://www.centralbanknews.info/2012/06/monetary-policy-week-in-review-2-june.html

4 comments:

  1. I watched a documentary 97% Owned on http://topdocumentarystream.com/97-owned/. I would say that this is first documentary highlighting this issue. Fabulous documentary

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    Replies
    1. I saw about the first 10 or 15 minutes of that documentary; as someone who knows a lot about the topic I can say that the documentary is at best heavily biased and misleading, and at worst complete and utter crap! Do not waste your time on it!

      Delete
    2. Finance Documentaries has much better range of documentaries on finance and banking.

      Delete
  2. As someone who also knows a lot about the topic I would suggest that Anonymous is talking complete crap. The documentary is not biased it is presenting new information. There is no single source of information for this process in existence so the film is the first time this collection of information, based on actual facts that can been verified in the Bank of England Red Book, has been put together. What is Biased about?

    Around 6minutes the film details heavily on the volume of cash and coins in in circulation. This can be backed up by the Bank of England, in fact the research came from literature recommended by the Bank of England. The historical aspects about the Bank of England Act is fact. Around 12minutes again the film uses a quote from the Deputy Governor of the Bank of England to back up the point of view expressed in the film.

    Troll

    ReplyDelete