Monetary Policy Week in Review - 11 February 2012
The past week in monetary policy saw just one bank lift rates; Jordan +50bps to 5.00%, and two banks cut rates; Belarus -200bps to 43.00%, and Indonesia -25bps to 5.75%. Meanwhile the banks that held rates unchanged were: Australia 4.25%, UK 0.50%, EU 1.00%, South Korea 3.25%, Serbia 9.50%, Iceland 4.75%, Poland 4.50%, and Peru 4.25%. Also making news was the Bank of England adding another GBP 50 billion to its quantitative easing program.
Full story: http://www.centralbanknews.info/2012/02/monetary-policy-week-in-review-11.html