This week in monetary policy: Indonesia, Hungary, Namibia, China, Mauritius, Uzbekistan, Ukraine, Turkey, Botswana, Paraguay, Tajikistan & Russia

     This week - October 18 through October 23 - central banks from 12 countries or jurisdictions are scheduled to decide on monetary policy: Indonesia, Hungary, Namibia, China, Mauritius, Uzbekistan, Ukraine, Turkey, Botswana, Paraguay, Tajikistan and Russia.

     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the local time a policy decision is announced, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
    The table is updated when the latest decisions are announced and can always be accessed by clicking on This Week.

WEEK 42
OCT 18 - OCT 23, 2021
INDONESIA	19-Oct	3.50%		0	-25	4.00%	EM
HUNGARY	19-Oct	1.65%		15	105	0.60%	EM
NAMIBIA	19-Oct	3.75%		0	0	3.75%
CHINA	20-Oct	3.85%	9:30	0	0	3.85%	EM
MAURITIUS	20-Oct	1.85%		0	0	1.85%	FM
UZBEKISTAN	21-Oct	14.00%	14:30	0	0	14.00%
UKRAINE	21-Oct	8.50%	14:00	50	250	6.00%	FM
TURKEY	21-Oct	18.00%	14:00	-100	100	10.25%	EM
BOTSWANA	21-Oct	3.75%		0	0	3.75%
PARAGUAY	21-Oct	1.50%		50	75	0.75%
TAJIKISTAN	22-Oct	13.00%			225	10.75%
RUSSIA	22-Oct	6.75%	13:30	25	250	4.25%	EM

 
    www.CentralBankNews.info

This week in monetary policy: Kazakhstan, Ghana, Kyrgyzstan, Hungary, Tajikistan, Pakistan, Lesotho, Nigeria, Kenya, USA, Azerbaijan, Malawi, Moldova, Bulgaria and Colombia

    This week - July 26 through July 31 - central banks from 15 countries or jurisdictions are scheduled to decide on monetary policy: Kazakhstan, Ghana, Kyrgyz Republic, Hungary, Tajikistan, Pakistan, Lesotho, Nigeria, Kenya, United States, Azerbaijan, Malawi, Moldova, Bulgaria and Colombia.

     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the local time a policy decision is announced, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
    The table is updated when the latest decisions are announced and can always be accessed by clicking on This Week.

WEEK 30
JUL 26 - JUL 31, 2021
KAZAKHSTAN	26-Jul	9.00%	15:00	0	0	9.00%	FM
GHANA	26-Jul	13.50%		-100	-100	14.50%	FM
KYRGYZSTAN	26-Jul	6.50%		0	150	5.00%
HUNGARY	27-Jul	0.90%		30	30	0.60%	EM
TAJIKISTAN	27-Jul	12.00%		100	125	10.75%
PAKISTAN	27-Jul	7.00%		0	0	7.00%	EM
LESOTHO	27-Jul	3.50%		0	0	3.50%
NIGERIA	27-Jul	11.50%		0	0	12.50%	FM
KENYA	28-Jul	7.00%		0	0	7.00%	FM
UNITED STATES	28-Jul	0.25%	14:00	0	0	0.25%	DM
AZERBAIJAN	30-Jul	6.25%		0	0	6.75%
MALAWI	30-Jul	12.00%		0	0	13.50%
MOLDOVA	30-Jul	2.65%		0	0	3.25%
BULGARIA	30-Jul	0.00%		0	0	0.00%	FM
COLOMBIA	30-Jul	1.75%		0	0	2.25%	EM

 
    www.CentralBankNews.info

This week in monetary policy: Kyrgyzstan, Kazakhstan, Japan, Sweden, Hungary, Tajikistan, Georgia, USA, Guatemala, Botswana, Egypt, Azerbaijan, Moldova, Malawi, Bulgaria, Zimbabwe & Colombia

    This week - April 26 through May 1 - central banks from 17 countries or jurisdictions are scheduled to decide on monetary policy: Kyrgyz Republic, Kazakhstan, Japan, Sweden, Hungary, Tajikistan, Georgia, United States, Guatemala, Botswana, Egypt, Azerbaijan, Moldova, Malawi, Bulgaria, Zimbabwe and Colombia.

     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the local time a policy decision is announced, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
    The table is updated when the latest decisions are announced and can always be accessed by clicking on This Week.

WEEK 17
APR 26 - MAY 1, 2021:
KYRGYZSTAN	26-Apr	5.50%		50	50	5.00%
KAZAKHSTAN	26-Apr	9.00%	15:00	0	0	9.50%	FM
JAPAN	27-Apr	-0.10%		0	0	-0.10%	DM
SWEDEN	27-Apr	0.00%	9:30	0	0	0.00%	DM
HUNGARY	27-Apr	0.60%		0	0	0.90%	EM
TAJIKISTAN	27-Apr	11.00%		25	25	11.75%
GEORGIA	28-Apr	8.50%		50	50	8.50%
UNITED STATES	28-Apr	0.25%	14:00	0	0	0.25%	DM
GUATEMALA	28-Apr	1.75%		0	0	2.00%
BOTSWANA	29-Apr	3.75%		0	0	4.25%
EGYPT	29-Apr	8.25%		0	0	9.25%	EM
AZERBAIJAN	30-Apr	6.25%		0	0	7.25%
MOLDOVA	30-Apr	2.65%		0	0	3.25%
MALAWI	30-Apr	12.00%		0	0	13.50%
BULGARIA	30-Apr	0.00%		0	0	0.00%	FM
ZIMBABWE	30-Apr	40.00%		0	500	15.00%
COLOMBIA	30-Apr	1.75%		0	0	3.25%	EM

 
    www.CentralBankNews.info

Tajikistan raises rate on inflation after RRR also raised

     Tajikistan's central bank, one of the three central banks worldwide to have tightened monetary policy in the months prior to last year's outbreak of the COVID-19 pandemic, has raised its rate in response to rising inflation, the week after reserve requirements were raised.
     The National Bank of Tajikistan (NBT) raised its refinancing rate by 25 basis points to 11.0 percent in the first rate hike since January 2020 at a meeting on Feb. 5 by its monetary policy committee.

     "The decision is based on the prospect of the impact of the potential risks for the economy taking into account the increase in inflationary pressures and expectations," the bank said, adding the tightening aims to ensure inflation returns to its target range.

      Just before the pandemic broke out, NBT raised its rate by 50 points but then quickly reversed that tightening in April and July last year, cutting the rate by a total of 200 points.     

     The rate increase comes after the policy committee at an extraordinary meeting on Jan. 28 approved raising the reserve requirement for banks' domestic currency liabilities by 200 basis points to 3.0 percent, also citing the threat to its inflation target from rising pressure on prices.
      In April last year NBT temporarily cut banks' reserve requirement by 200 basis points to 1.0 percent from April 1 to Dec. 31, 2020, along with cutting the reserve requirement for foreign currency liabilities to 5.0 percent from 9 percent to provide immediate support for banks' need for liquidity.
     At its meeting on Jan. 28 the foreign currency reserve requirement was also raised back to 9 percent,

     NBT has frequently changed its interest rates in recent years and the most recent rate hike is the 8th change in rates -3 rate hikes and 5 rate cuts - since January 2018.

      In January and March 2018 NBT carried out two quick rate cuts by a total of 200 basis points but then in February 2019 the rate was raised 75 points. 

      But a few months later, in May 2019, NBT began easing again with a 150-point rate cut and continued again in November with another 100 point cut, followed by the 50-point hike in January 2020.

      Inflation in the Tajikistan, which borders China, Afghanistan, Kyrgyzstan and Uzbekistan, rose to 9.4 percent in December, topping NBT's target range of 7.0 percent, plus/minus 2 percentage points.

      The central bank noted that food prices had risen 13 percent and non-food prices 5.8 percent.

     www.CentralBankNews.info

     

  

This week in monetary policy: Kazakhstan, Armenia, Georgia, Canada, Brazil, Japan, Fiji, Tajikistan, euro area, Azerbaijan, Malawi, Moldova, Bulgaria & Colombia

   This week - October 26 through October 31 - central banks from 14 countries or jurisdictions are scheduled to decide on monetary policy: Kazakhstan, Armenia, Georgia, Canada, Brazil, Japan, Fiji, Tajikistan, euro area, Azerbaijan, Malawi, Moldova, Bulgaria and Colombia..

     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the local time a policy decision is announced, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
    The table is updated when the latest decisions are announced and can always accessed by clicking on This Week.

WEEK 44
OCT 26 - OCT 31, 2020:
KAZAKHSTAN	26-Oct	9.00%	15:00	0	-25	9.25%	FM
ARMENIA	27-Oct	4.25%		-25	-125	5.50%
GEORGIA	28-Oct	8.00%		0	-100	8.50%
CANADA	28-Oct	0.25%	10:00	0	-150	1.75%	DM
BRAZIL	28-Oct	2.00%	18:00	0	-250	5.00%	EM
JAPAN	29-Oct	-0.10%		0	0	-0.10%	DM
FIJI	29-Oct	0.25%		0	-25	0.50%
TAJIKISTAN	29-Oct	10.75%		-100	-150	13.25%
EURO AREA	29-Oct	0.00%	13:45	0	0	0.00%	DM
AZERBAIJAN	30-Oct	6.50%		-25	-100	7.75%
MALAWI	30-Oct	13.50%		0	0	13.50%
MOLDOVA	30-Oct	2.75%		-25	-275	7.50%
BULGARIA	30-Oct	0.00%		0	0	0.00%	FM
COLOMBIA	30-Oct	1.75%		-25	-250	4.25%	EM

 

    www.CentralBankNews.info