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EconGrapher (< 20)

Monetary Policy Week in Review - 14 May 2011



May 13, 2011 – Comments (0)

The past week saw monetary policy decisions announced by 12 different central banks around the world.  Those that increased interest rates were: Azerbaijan +25bps to 5.25% Poland +25bps to 4.25% Norway +25bps to 2.25% Peru +25bps to 4.25% and Chile +50bps to 5.00%.  Meanwhile Ghana was the only country that eased policy, cutting rates 50bps to 13.00%.  Those that held rates unchanged were: Indonesia 6.75% South Africa 5.50% Latvia 3.50% and South Korea 3.00%.  Besides interest rate changes two economies lifted reserve requirements: Uruguay lifted its required reserve ratios 300bps to 15%, while China increase its RRR by 50 basis points to an average 21% for large banks.

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