Monetary Policy Week in Review - 28 May 2011
The past week in monetary policy saw six emerging market central banks announce interest rate decisions. Those that altered interest rate levels were: Israel +25bps to 3.25%, and Nigeria +50bps to 8.00%. Meanwhile those that held interest rates unchanged were: Pakistan 14.00%, Turkey 6.25%, Georgia 8.00%, and Mexico 4.50%. The Central Bank of Nigeria also raised its bank cash reserve requirement by 200bps to 4% from 2%.
Full Story: http://www.centralbanknews.info/2011/05/monetary-policy-week-in-review-28-may.html