-
Monetary Policy Week in Review - 11 June 2011
The past week in central banking saw monetary policy decisions announced by 14 central banks around the world. Those that increased interest rates were: Poland +25bps to 4.50%, Brazil +25bps to 12.25%, and South Korea +25bps to 3.25%. While those that decreased interest rates were: The Bahamas -75bps to 4.50%, and Serbia -50bps to 12.00%. Meanwhile those that held rates unchanged were: Australia 4.75%, Armenia 8.50%, Croatia 6.00%, New Zealand 2.50%, Indonesia 6.75%, the European Union 1.25%, the United Kingdom 0.50%, Egypt 8.25%, and Peru 4.25%. While Croatia held its main policy rate at 6.00%, it also cut its ... (full story)