larrygreenberg @ May 17, 2013 # Comments Off
The central bank board left the monetary policy interest rate at 5.0%, its level since a sole 25-basis point cut in January 2012. Previously, the rate was raised 475 basis points in a dozen moves between June 2010 and June 2011 after having been …
larrygreenberg @ May 16, 2013 # Comments Off
Serbian monetary officials on May 14 cut the one-week repo rate by 50 basis points to 11.25%. This reduction reverses policy gears, following a string of eight hikes between June 2012 and February 2013 totaling 225 bps. The backdrop for tho…
larrygreenberg @ May 16, 2013 # Comments Off
Amid slack economic growth and inasmuch as CPI inflation had declined to 6.1% in April from 7.3% in March and 7.0% in February, Turkish monetary officials reduced the one-week repo rate to 4.5% from 5.0%, which matches the cut in April and exceeds the …
larrygreenberg @ May 16, 2013 # Comments Off
Russia’s main monetary policy signal has been at 8.25% since the middle of September 2012 and will continue at that level. Last September saw the rate increase by 25 basis points, reversing a 25-bp cut made late in December 2011. Gove…
larrygreenberg @ May 15, 2013 # Comments Off
Officials at Sedlabanki kept the seven-day collateralized Icelandic lending rate at 6.0%, its level since a 25-basis point hike in mid-November 2012. There were five increases of 25 bps and one of 50 basis points between August 2011 and November …
larrygreenberg @ May 14, 2013 # Comments Off
Bank Indonesia’s main interest rate has been at a record low of 5.75% since a 25-basis point cut in February 2012 culminated a 100-bp three-step easing engineered within a four-month span. Only one hike of 25 basis points in February 2011 h…
larrygreenberg @ May 10, 2013 # Comments Off
Peru’s central bank interest rate has been at 4.25% since a 25-basis point increase in May 2011. It was raised by 400 bps in 2010-2011 after being reduced in 2009 from 6.5% to 1.25%. A statement released by monetary authorities after …
larrygreenberg @ May 9, 2013 # Comments Off
Malaysia’s overnight policy interest rate has been at 3.0% since the last of four 25-basis point hikes in May 2011, which had followed similar moves in March, May and July of 2010. Today’s was the twelfth subsequent meeting to end wit…
larrygreenberg @ May 9, 2013 # Comments Off
The first interest rate cut in seven months has been implemented in South Korea in response to continuing “weak” Korean economic growth and “low” prospects for inflation. On growth, officials remarked “the domestic e…
larrygreenberg @ May 9, 2013 # Comments Off
The Monetary Policy Committee released a statement confirming decisions to keep the Bank Rate at 0.5% and the Asset Purchase Program’s limit at GBP 375 billion. The interest rate has been at 0.5% since March 2009, and the last change of the…