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Monetary Policy Week in Review - 19 May 2012
The past week in monetary policy was relatively quiet on the interest rate front, with just Iceland changing rates; adding 50 basis points to 5.50%, and Chile's central bank holding its interest rate unchanged at 5.00%. Outside of monetary policy decisions there was monetary policy committee meeting minutes out from Australia and the US. The Reserve Bank of Australia explained some points about it's recent 50bp rate cut, meanwhile the US Federal Reserve FOMC voiced doubts on the strength of the recovery. The Bank of England also released its regular inflation report. Looking at the central bank calendar, the week ... (full story)