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Monetary Policy Week in Review - 12 May 2012
The past week in monetary policy saw three central banks announcing interest rate changes: Poland increased 25 basis points to 4.75%, Malawi hiked rates 300bps to 16.00%, while Belarus cut rates -200bps to 34.00%. Those that held interest rates unchanged were: UK 0.50%, Russia 8.00%, Indonesia 5.75%, Korea 3.25%, Norway 1.50%, Malaysia 3.00%, Serbia 9.50%, Peru 4.25%, and Sri Lanka 7.75%. Elsewhere the People's Bank of China released its quarterly monetary policy report. Looking at the central bank calendar, the week ahead in monetary policy will be relatively quiet on the meeting front with just Iceland on the list ... (full story)