April 29, 2012

Global Monetary Policy Week in Review - 27 April 2012

By Central Bank News

The past week in monetary policy saw 9 central banks announce interest rate decisions.  The only bank to change rates was the National Bank of Georgia, cutting 25bps to 6.25%.  Those that held interest rates unchanged were: Israel 2.50%, Hungary 7.00%, Japan 0.10%, New Zealand 2.50%, US 0.25%, Hong Kong 0.50%, Zambia 9.00%, and Mexico 4.50%.  The Bank of Japan also announced it would add a further 5 trillion yen to its now 70 trillion yen asset purchase program (QE - quantitative easing).






Looking at the central bank calendar, the week ahead sees the Reserve Bank of Australia announcing its monetary policy decision on the first of May; where expectations are for an interest rate cut. The ECB however will likely continue to stand pat later in the week despite calls for more easing and even further cuts to the interest rate. There's also the Asian central banks; Thailand and Malaysia due to meet this week.


May-01
AUD
Australia
Reserve Bank of Australia
May-02
THB
Thailand
Bank of Thailand
May-03
MNR
Malaysia
Central Bank of Malaysia
May-03
EUR
Eurozone
European Central Bank


About The AuthorCentral Bank News is dedicated to provide timely, and comprehensive global central banks news and policy developments (EconMatters author archive here.)

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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