{"id":29204,"date":"2012-04-20T22:45:00","date_gmt":"2012-04-21T02:45:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/04\/monetary-policy-week-in-review-21-april-2012\/"},"modified":"2012-04-20T22:45:00","modified_gmt":"2012-04-21T02:45:00","slug":"monetary-policy-week-in-review-21-april-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/04\/20\/monetary-policy-week-in-review-21-april-2012\/","title":{"rendered":"Monetary Policy Week in Review – 21 April 2012"},"content":{"rendered":"

By Central Bank News
\nThe past week in monetary policy saw two major emerging market economy’s central banks cut rates; with India cutting by a surprise 50 basis points to 8.00%, and Brazil cutting an expected 75 bps to 9.00%.  The only other bank to adjust rates was Mongolia; hiking 100bps to 13.25%.  Meanwhile those that held interest rates unchanged were: Canada 1.00%, Chile 5.00%, Turkey 5.75%, Sweden 1.50%, and the Philippines 4.00%.<\/span><\/p>\n

<\/a><\/div>\n

<\/span>
<\/a>Looking at the central bank calendar<\/a>, the week ahead sees the US Federal Open Market Committee (FOMC) meeting to determine its policy setting and forecasts; while it’s unlikely to see further QE; people will be watching for further clues. Elsewhere the major banks meeting include the Bank of Japan and the Reserve Bank of New Zealand; both are unlikely to move, but the forex markets will be paying close attention. Israel, Hungary, and Mexico also meet to review monetary policy settings.<\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n
\n
Apr-23<\/o:p><\/span><\/div>\n<\/td>\n
\n
ILS<\/o:p><\/span><\/div>\n<\/td>\n
\n
Israel<\/o:p><\/span><\/div>\n<\/td>\n
\n
Bank of Israel<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Apr-24<\/o:p><\/span><\/div>\n<\/td>\n
\n
HUF<\/o:p><\/span><\/div>\n<\/td>\n
\n
Hungary<\/o:p><\/span><\/div>\n<\/td>\n
\n
The Magyar Nemzeti Bank<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Apr-25<\/o:p><\/span><\/div>\n<\/td>\n
\n
USD<\/o:p><\/span><\/div>\n<\/td>\n
\n
United States<\/o:p><\/span><\/div>\n<\/td>\n
\n
Federal Reserve<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Apr-26<\/o:p><\/span><\/div>\n<\/td>\n
\n
NZD<\/o:p><\/span><\/div>\n<\/td>\n
\n
New Zealand<\/o:p><\/span><\/div>\n<\/td>\n
\n
Reserve Bank of New Zealand<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Apr-27<\/o:p><\/span><\/div>\n<\/td>\n
\n
JPY<\/o:p><\/span><\/div>\n<\/td>\n
\n
Japan<\/o:p><\/span><\/div>\n<\/td>\n
\n
Bank of Japan<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
Apr-27<\/o:p><\/span><\/div>\n<\/td>\n
\n
MXN<\/o:p><\/span><\/div>\n<\/td>\n
\n
Mexico<\/o:p><\/span><\/div>\n<\/td>\n
\n
Banco de Mexico<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


<\/b><\/span><\/span>Source:<\/span> <\/span>www.CentralBankNews.info<\/a><\/p>\n

Article source: <\/b><\/span><\/span>http:\/\/www.centralbanknews.info\/2012\/04\/monetary-policy-week-in-review-21-april.html<\/a><\/a><\/div>\n

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\"\"<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"

By Central Bank News The past week in monetary policy saw two major emerging market economy’s central banks cut rates; with India cutting by a surprise 50 basis points to 8.00%, and Brazil cutting an expected 75 bps to 9.00%.  The only other bank to adjust rates was Mongolia; hiking 100bps to 13.25%.  Meanwhile those … <\/p>\n

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