Monetary Policy Week in Review - 25 February 2012
The past week in monetary policy saw two central banks changing their main interest rates; Colombia +25bps to 5.25%, and Belarus -500bps to 38.00%, while two held their rates unchanged; Namibia at 6.00%, and Turkey at 5.75%. Turkey did however cut some of its other interest rates (see the update for details). Also making headlines was the People's Bank ofChina announcing a 50 basis point cut to the Required Reserve Ratio, an important move towards more growth focused policy settings.
Full story: http://www.centralbanknews.info/2012/02/monetary-policy-week-in-review-25.html