Last week also saw the Central Bank of Jordan cut its rate for the second time this year - it has now cut by 50 basis points - while the Central Bank of Kenya raised its rate for the second month in a row by 150 points to curb inflationary pressures from a fall in the shilling's exchange rate.
The other seven central banks that discussed monetary policy last week left their rates on hold due to the heightened risks to global growth and international financial markets from Greece along with uncertainty surrounding the timing of a rate rise by the U.S. Federal Reserve.
Central Bank News, which tracks the policy rates of 90 central banks worldwide, also publishes the following Global Monetary Policy Changes (GMPC), a country-by-country overview of changes to monetary policy.
GMPC complements Central Bank News' other products, such as the the Global Interest Rate Monitor (GIRM), which tracks official policy rates, and Global Monetary Policy Highlights (GMPH), which covers key events in monetary policy and includes a summary of rate changes each month.
Following is an alphabetical list of countries that have changed their monetary policy this year. The list is updated and can be accessed on the Central Bank News website under the heading of "Easier or Tighter?" as soon as central banks announce changes to their policy.
| ALBANIA |
| Jan 28: key rate cut 25 bps to 2.00%, easy monetary conditions to be maintained some quarters ahead to achieve inflation target |
| ANGOLA |
| Feb 13: rate on liquidity absorbtion facility cut 175 bps to 0.0% at extraordinary meeting following government 2015 program |
| Mar 30: basic interest rate raised 25 bps to 9.25% as inflation rises, kwanza depreciates and credit rises |
| Jun 29: basic interest rate
raised 50 bps to 9.75 as inflation accelerates, credit rises |
