Monetary Policy Week in Review - 10 March 2012

[Central Bank News]

The past week in monetary policy and central banking saw just one central bank change interest rates, with Brazil cutting rates 75 basis points to 9.75%.  Meanwhile those that held interest rates unchanged were: Australia 4.25%, Kenya 18.00%, Poland 4.50%, New Zealand 2.50%, EU 1.00%, UK 0.50%, Korea 3.25%, Serbia 9.50%, Peru 4.25%, Canada 1.00%, Malaysia 3.00%, and Indonesia 5.75%.  The Reserve Bank of India also made headlines, cutting its Cash Reserve Ratio by 75 basis points to 4.75%.

Looking at the central bank calendar, the main event next week is the US Federal Reserve's FOMC (Federal Open Market Committee), Wall Street will be watching the release closely for any signs of further Quantitative Easing e.g. "QE3" or even sterilized quantitative easing. The Bank of Japan meeting and Swiss National Bank meetings will also be worth watching.

Mar-13	JPY	Japan	Bank of Japan
Mar-13	USD	United States	Federal Reserve
Mar-14	NOK	Norway	Norges Bank
Mar-15	CHF	Switzerland	The Swiss National Bank
Mar-15	INR	India	Reserve Bank of India

Mar-16

MXN

Mexico

Banco de Mexico

Source: www.CentralBankNews.info

Article source: http://www.centralbanknews.info/2012/03/monetary-policy-week-in-review-10-march.html