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Three of six central banks ease as global uncertainty continues
Last week six central banks took monetary policy decisions, with two cutting policy interest rates (Colombia and Georgia) and the remaining four (Japan, Turkey, Nigeria and South Africa) keeping rates unchanged. Although Turkey kept is benchmark rate unchanged, it placed itself in the easing camp by reducing the short-term lending rate, further narrowing its interest rate corridor to 4.0 percentage points. So far this year, policy rates have been cut four times more often than they have been raised by the 88 central banks followed by Central Bank News. Year-to-date, rates have been reduced 113 times while they have ... (full story)