{"id":31707,"date":"2012-08-18T08:21:00","date_gmt":"2012-08-18T12:21:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/monetary-policy-week-in-review-aug-18-2012-turkey-prepares-to-loosen-chile-takes-note-of-rising-peso\/"},"modified":"2012-08-18T08:21:00","modified_gmt":"2012-08-18T12:21:00","slug":"monetary-policy-week-in-review-aug-18-2012-turkey-prepares-to-loosen-chile-takes-note-of-rising-peso","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/18\/monetary-policy-week-in-review-aug-18-2012-turkey-prepares-to-loosen-chile-takes-note-of-rising-peso\/","title":{"rendered":"Monetary Policy Week in Review \u2013 Aug. 18, 2012: Turkey prepares to loosen, Chile takes note of rising peso"},"content":{"rendered":"

By Central Bank News
\n<\/p>\n

    <\/span>The past week in monetary policy saw interest rate decisions by two central banks around the world (Turkey <\/a>and Chile<\/a>), with neither bank changing rates. Both central banks saw weak global growth.<\/span><\/div>\n
    Turkey\u2019s central bank<\/a> signaled that it was ready to loosen its policy stance a bit, saying it may narrow its interest rate corridor in the future. It also raised the portion of lira reserves that banks can hold in foreign exchange, a move that adds liquidity to the banking system.<\/o:p><\/span><\/div>\n
    Chile\u2019s central bank<\/a> noted that international financial conditions had improved but growth in advanced economies was weak and emerging markets have slowed more than expected.<\/span>
    The bank made a specific reference to an appreciating peso, a sign that it may be concerned over the currency, which has risen over 7 percent against the U.S. dollar this year.<\/o:p><\/span><\/div>\n
    LAST WEEK\u2019S MONETARY POLICY DECISIONS:<\/o:p><\/span><\/b><\/div>\n\n\n\n\n\n
\n
COUNTRY<\/o:p><\/span><\/div>\n<\/td>\n
\n
        NEW RATE<\/o:p><\/span><\/div>\n<\/td>\n
\n
      PREVIOUS RATE<\/o:p><\/span><\/div>\n<\/td>\n
\n
        RATE 1 YR AGO<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
TURKEY<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.75%<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.75%<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.75%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
CHILE<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.00%<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.00%<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.25%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    NEXT WEEK:<\/span><\/b><\/div>\n
    The <\/span>central bank calendar<\/span><\/a> for next week also looks quiet, with only Poland and Iceland scheduled to hold monetary policy meetings. <\/o:p><\/span><\/div>\n
    Neither bank is expected to change interest rates.<\/o:p><\/span><\/div>\n
<\/div>\n\n\n\n\n\n
\n
COUNTRY<\/o:p><\/span><\/div>\n<\/td>\n
\n
         MEETING<\/o:p><\/span><\/div>\n<\/td>\n
\n
       CURRENT RATE<\/o:p><\/span><\/div>\n<\/td>\n
\n
        RATE 1 YR AGO<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
POLAND<\/o:p><\/span><\/div>\n<\/td>\n
\n
21-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
4.75%<\/o:p><\/span><\/div>\n<\/td>\n
\n
4.75%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
ICELAND<\/o:p><\/span><\/div>\n<\/td>\n
\n
22-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.75%<\/o:p><\/span><\/div>\n<\/td>\n
\n
4.50%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/div>\n
   www.CentralBankNews.info<\/a><\/span><\/div>\n

<\/p>\n

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

By Central Bank News     The past week in monetary policy saw interest rate decisions by two central banks around the world (Turkey and Chile), with neither bank changing rates. Both central banks saw weak global growth.     Turkey\u2019s central bank signaled that it was ready to loosen its policy stance a bit, saying it may narrow … <\/p>\n

Continue reading “Monetary Policy Week in Review \u2013 Aug. 18, 2012: Turkey prepares to loosen, Chile takes note of rising peso”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-31707","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=31707"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}