{"id":31862,"date":"2012-08-27T07:21:43","date_gmt":"2012-08-27T11:21:43","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/monetary-policy-week-in-review-aug-25-2012-iceland-speeds-up-colombia-and-namibia-see-slower-growth\/"},"modified":"2012-08-27T07:21:43","modified_gmt":"2012-08-27T11:21:43","slug":"monetary-policy-week-in-review-aug-25-2012-iceland-speeds-up-colombia-and-namibia-see-slower-growth","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/27\/monetary-policy-week-in-review-aug-25-2012-iceland-speeds-up-colombia-and-namibia-see-slower-growth\/","title":{"rendered":"Monetary Policy Week in Review \u2013 Aug. 25, 2012: Iceland speeds up, Colombia and Namibia see slower growth"},"content":{"rendered":"

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

    The past week in monetary policy saw interest rate decisions by four central banks around the world, with two (Colombia and Namibia) cutting rates while Iceland and Angola kept rates unchanged.<\/span><\/div>\n
    The overall message from those four central banks is that inflation pressures remain subdued and global growth continues to weaken.<\/o:p><\/span><\/div>\n
    But the impact of the global slowdown varies widely, with Iceland<\/a>\u2019s economy gaining momentum while Colombia<\/a>and Namibia<\/a> expect further slowdown in growth. Angola<\/a>, which introduced its Basic Rate of Interest (BNA rate) in October 2011, said the inflation rate had eased to 10.02 percent in July from 14.12 percent last year, but gave no further details behind its policy decision.<\/span>
    LAST WEEK\u2019S MONETARY POLICY DECISIONS:<\/b><\/span><\/div>\n
<\/p>\n\n\n\n\n\n\n\n
\n
COUNTRY<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
       NEW RATE<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
PREVIOUS RATE<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
     RATE 1 YR AGO<\/b><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
ICELAND<\/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
4.50%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
ANGOLA<\/o:p><\/span><\/div>\n<\/td>\n
\n
10.25%<\/o:p><\/span><\/div>\n<\/td>\n
\n
10.25%<\/o:p><\/span><\/div>\n<\/td>\n
\n
                       N\/A<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
NAMIBIA<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.50%<\/o:p><\/span><\/div>\n<\/td>\n
\n
6.00%<\/o:p><\/span><\/div>\n<\/td>\n
\n
6.00%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
COLOMBIA<\/o:p><\/span><\/div>\n<\/td>\n
\n
4.75%<\/o:p><\/span><\/div>\n<\/td>\n
\n
5.00%<\/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


   NEXT WEEK:<\/b>
   The central bank calendar<\/a> for next week includes meetings by four central banks (Israel, Hungary, Norway and Brazil) with markets expecting all banks to keep rates unchanged.
   The major focus of financial markets is the Jackson Hole symposium where Federal Reserve Chairman Ben Bernanke is expected to speak on Friday, followed by European Central Bank President Mario Draghi on Saturday.
<\/p>\n\n\n\n\n\n\n\n
\n
COUNTRY<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
          MEETING<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
 CURRENT RATE<\/o:p><\/b><\/span><\/div>\n<\/td>\n
\n
    RATE 1 YR AGO<\/b><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
ISRAEL<\/o:p><\/span><\/div>\n<\/td>\n
\n
27-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
2.25%<\/o:p><\/span><\/div>\n<\/td>\n
\n
3.25%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
HUNGARY<\/o:p><\/span><\/div>\n<\/td>\n
\n
28-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
7.00%<\/o:p><\/span><\/div>\n<\/td>\n
\n
6.00%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
NORWAY<\/o:p><\/span><\/div>\n<\/td>\n
\n
29-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
1.50%<\/o:p><\/span><\/div>\n<\/td>\n
\n
2.25%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n
\n
BRAZIL<\/o:p><\/span><\/div>\n<\/td>\n
\n
29-Aug<\/o:p><\/span><\/div>\n<\/td>\n
\n
8.50%<\/o:p><\/span><\/div>\n<\/td>\n
\n
12.00%<\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


<\/p>\n

 www.CentralBankNews.info<\/a><\/span><\/o:p><\/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 four central banks around the world, with two (Colombia and Namibia) cutting rates while Iceland and Angola kept rates unchanged.     The overall message from those four central banks is that inflation pressures remain subdued and global growth continues to … <\/p>\n

Continue reading “Monetary Policy Week in Review \u2013 Aug. 25, 2012: Iceland speeds up, Colombia and Namibia see slower growth”<\/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-31862","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31862","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=31862"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}