Posts Tagged ‘Rate’
The Magyar Nemzeti Bank held its central bank base rate unchanged at 7.00%. The Bank said: “In the Council’s judgement, the Hungarian economy is likely be stagnant next year, with growth expected to resume only in 2013. The level of output will remain below its potential over the entire forecast period. As the effects of the indirect [...]
The Central Bank of the Republic of Turkey kept its benchmark 1-week repo rate unchanged at 5.75%. The Bank said: “The Committee has indicated that tight monetary policy stance should be maintained for a while in order to keep inflation outlook consistent with the medium term targets. However, given the prevailing uncertainties regarding the global economy, it [...]
The Central Bank of Kenya held the benchmark lending rate unchanged at 18.00%, and held the Cash Reserve Ratio at 5.25%. The central bank Governor, Njuguna Ndung’u, said: “The information analysed by the Committee showed that inflation is projected to ease further in early 2012. This outcome is a consequence of the monetary policy stance, the appreciation [...]
The Banco de Cabo Verde (Bank of Cape Verde) increased its minimum cash availability ratio (DMC) by 200 basis points to 18.00% from 16.00%, and its base interest rate by 150 basis points to 5.75% from 4.25% previously. The Standard Lending Facility rate will be 8.75% and the Absorption Standing Facility Rate will be 3.25%. [...]
The Central Bank of the Republic of China (Taiwan) held its discount rate unchanged at 1.875% and the collateralized loan rate at 2.250% and the unsecured loans rate at 4.125%. Bank Governor, Perng Fai-nan, said: ”Overall, Taiwan’s economy continues to register moderate growth amid global economic uncertainties, while the 2012 price trends still require close monitoring. In addition, [...]
The Magyar Nemzeti Bank hiked its central bank base rate by another 50 basis points to 7.00% from 6.50% to help boost the forint. The Bank said: “The Monetary Council decided to raise the base rate by 50 basis points in view of increased perceptions of the risks associated with the economy and upside risks to inflation. [...]
The Reserve Bank of India [RBI] paused its repo rate at 8.50% and also held the reverse repo rate at 7.50%, and cash reserve ratio at 6 percent. The RBI said: “On the domestic front, growth is clearly decelerating. This reflects the combined impact of several factors: the uncertain global environment, the cumulative impact of past monetary policy [...]
The Central Bank of Colombia held its monetary policy interest rate unchanged at 4.75%. The Bank said [translated]: “the main risk to inflation coming from excessive expansion in demand or increases in cost overruns, with strong and lasting effects on expectations and credibility of monetary policy. In a longer time horizon, excessive credit growth and continued low [...]
The Danmarks Nationalbank cut its key lending rate by 10 basis points to 0.70% from 0.80% and reduced the current account rate 5bps to 0.25%, effective from 16 December. The Bank also cut rates on the 8th of December following the ECB rate cut, at that time it cut the lending rate 40bps to 0.8%, and reduced [...]
The best way to convince a fool that he is wrong is to let him have his own way. ~ Josh Billings Good morning. Last two days of the week are here and they are both important for the euro, as ECB is expected to cut rates again, for the second time in two months. A [...]
