The past week in monetary policy saw interest rate decisions announced by 8 central banks around the world. Those that altered interest rates were: Brazil, cutting 50 basis points to a low of 8.50%; Denmark, trimming a further -15bps to 0.45%; and Uganda dropping -100bps to 20.00%.
Meanwhile the central banks that held interest rates unchanged were: Hungary 7.00%, Turkey 5.75%, Zambia 9.00%, Colombia 5.25%, and Israel 2.50%. Elsewhere in monetary policy, the Central Bank of Egypt cut its RRR -200bps to 10 percent. Read more