Central Bank News'  Instablog

Central Bank News
Send Message
Operator and founder of CentralBankNews.info - a trusted and authoritative source on monetary policy developments from around the world. Follow us on Twitter for updates on monetary policy decisions.
My company:
CentralBankNews.info
My blog:
CentralBankNews.info
  • Monetary Policy Week In Review - 25 February 2012 0 comments
    Feb 24, 2012 3:23 PM | about stocks: CYB, CNY, FXI, UDN, UUP, QQQ, DIA

    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.


    Looking at the central bank calendar, the week ahead features a handful of emerging/frontier market central bank meetings; with decisions due from Israel, Hungary, and the Philippines. The main event of the next week in central banking though will be the European Central Bank's second LTRO. Also of note is US Federal Reserve Chairman, Ben Bernanke, testifying before the House and Senate on Thursday and Friday.

     

    • ILS - Israel (Bank of Israel) expected to hold at 2.75%% on the 27th of Feb
    • HUF - Hungary (Magyar Nemzeti Bank) expected to hold at 7.00% on the 28th of Feb
    • PHP - Philippines (Bangko Sentral ng Pilipinas) expected to hold at 4.25%% on the 1st of March

    Also during the past week Central Bank News released data, extending back to January 2000, for the Global Monetary Policy Rate Index - Emerging Markets.

    Source: www.CentralBankNews.info

    Article source: http://www.centralbanknews.info/2012/02/monetary-policy-week-in-review-25.html

    Stocks: CYB, CNY, FXI, UDN, UUP, QQQ, DIA
Back To Central Bank News' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.