The past week in monetary policy was relatively quiet with only 5 central banks announcing monetary policy decisions, and of those, only 1 adjusting its policy stance. Vietnam was the only bank to adjust monetary policy settings; increasing its reverse repurchase rate by 100 basis points to 15.00%. Meanwhile those that held their monetary policy interest rates unchanged were: Serbia (12.50%), Hungary (6.00%), Sri Lanka (7.00%), and Japan (0.10%). Elsewhere in monetary policy news, the Reserve Bank of Australia, Bank of England, and US Federal Open Market Committee all released the minutes from their recent monetary policy meetings.
Next week the following central banks are scheduled to review monetary policy interest rates: the Bank of Israel (23 May) - which last held its benchmark lending rate unchanged at 3.00%, the Central Bank of the Republic of Turkey (25 May) - which last held its interest rate at 6.25% and increased reserve requirements, and the Banco de Mexico (27 May) - which last held its interest rate unchanged at 4.50%.
Article source: http://www.centralbanknews.info/2011/05/monetary-policy-week-in-review-21-may.html