The past week in monetary policy saw 9 central banks reviewing interest rate settings. Three central banks reduced their monetary policy interest rates: Vietnam cut another -100 basis points to 12.00%, Denmark trimmed -10 basis points to 0.60%, and Georgia cut -25bps to 6.00%. Meanwhile those that held interest rates unchanged were: Nigeria 12.00%, the Czech Republic 0.75%, South Africa 5.50%, Angola 10.25%, Latvia 3.50%, and Japan at 0.10%; the Bank of Japan also made no changes to its quantitative easing program (also sometimes referred to as an LSAP i.e. Large Scale Asset Purchase). Looking at the central bank ... (full story)