Friday, October 29, 2010

Monetary Policy Week in Review - 30 Oct 2010

This week saw Monetary Policy decisions from the central banks of Columbia, Russia, Denmark, Japan, New Zealand, Norway, Poland, Sweden, Israel, and Hungary. The standouts were Denmark (raising its rate 10bps to 0.70%), and Sweden (raising its rate 25bps to 1.00%). The other standout was Poland, who raised its required reserve ratio 50bps to 3.50% from 3.00%, there was also additional announcements from Columbia about expanding its dollar buying program, and the Bank of Japan announced an expansion of the scope of its asset purchase program (as well as bringing forward the next meeting date).


But overall the preference of most banks was to hold interest rates steady due to either weak domestic demand, subdued inflationary pressures, and uncertainty about the outlook for the global economic recovery. Next week is also set to be a big week in terms of monetary policy with the US FOMC announcing their decision (and likely the details of "QEII", or a second round of quantitative easing), the ECB and Bank of Japan will also meet next week.

--
www.CentralBankNews.info

8 comments:

  1. I'd like to thank you for the efforts you have put in writing this website.

    I am hoping to check out the same high-grade content from you in the future as well.
    In truth, your creative writing abilities has encouraged
    me to get my very own website now ;)

    Look at my web site: Does Text Your Ex Back Work

    ReplyDelete
  2. Hello! This is kind of off topic but I need some advice from an established blog.
    Is it very difficult to set up your own blog?
    I'm not very techincal but I can figure things out pretty fast.
    I'm thinking about creating my own but I'm not sure where to start.

    Do you have any tips or suggestions? Many thanks

    Feel free to visit my site Best Male ENhancement

    ReplyDelete
  3. Pretty nice post. I just stumbled upon your blog and wanted to
    say that I have really enjoyed surfing around your blog
    posts. In any case I will be subscribing to
    your rss feed and I hope you write again very soon!


    Feel free to surf to my web page ... christian louboutin safat

    ReplyDelete
  4. Simply wish to say your article is as surprising. The clearness
    in your publish is just great and that i can
    suppose you are a professional in this subject.
    Well together with your permission allow me to seize your RSS feed to stay up to
    date with approaching post. Thank you one million and please keep up
    the rewarding work.

    My weblog watch tv shows

    ReplyDelete
    Replies
    1. Thank you for your kind comment, we will keep up the work.

      Delete
  5. I really like what you guys tend to be up too.
    This type of clever work and reporting! Keep up the good works guys I've included you guys
    to blogroll.

    my webpage ... terry bandy

    ReplyDelete
  6. Thank you for another magnificent post. The place else may anybody get that kind of info in
    such an ideal manner of writing? I have a presentation subsequent week, and I'm at the search for such info.


    My page ... minneapolis mn condos

    ReplyDelete