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Monetary Policy Week in Review – Dec. 1, 2012: Fresh signs the global rate cutting cycle may be bottoming out
Last week seven central banks took monetary policy decisions, with only one bank (Hungary) cutting policy interest rates while the remaining six (Angola, Israel, Albania, Thailand, Brazil and Mexico) maintained rates. Year-to-date, the 88 central banks followed by Central Bank News have cut rates about four times as often as they have raised rates. Policy rates have been cut 114 times and raised rates 28 times. There were further signs, this week from the major emerging market central banks of Brazil and Thailand, that this year’s cycle of interest rate cuts in response to global economic weakness could be starting ... (full story)