As Singapore\u2019<\/a>s monetary policy is targeted at its currency rather than interest rates, it is not closely followed by Central Bank News.<\/o:p><\/span><\/div>\n
Rate cuts by Brazil<\/a> and Korea<\/a> were largely expected, with both banks citing the weak global economy as the reason for the move. Serbia <\/a>continued its rate-hike campaign to ensure that a rise in inflation from higher food prices doesn\u2019t spread to other prices and fuels inflationary expectations.<\/o:p><\/span><\/div>\n
Indonesia<\/a> and Peru\u2019<\/a>s kept rates steady due to strong economic growth, though both central banks noted the impact of the weak global economy.<\/o:p><\/span><\/div>\n
LAST WEEK’S MONETARY POLICY DECISIONS:<\/b><\/span><\/div>\n
\n <\/p>\n
| COUNTRY<\/td>\n | MSCI<\/td>\n | NEW RATE<\/td>\n | PREVIOUS RATE<\/td>\n | RATE 1 YEAR AGO<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||
| BRAZIL<\/td>\n | EM<\/td>\n | 7.25%<\/td>\n | 7.50%<\/td>\n | 11.50%<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||
| INDONESIA<\/td>\n | EM<\/td>\n | 5.75%<\/td>\n | 5.75%<\/td>\n | 6.50%<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||
| KOREA<\/td>\n | EM<\/td>\n | 2.75%<\/td>\n | 3.00%<\/td>\n | 3.25%<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||
| PERU<\/td>\n | EM<\/td>\n | 4.25%<\/td>\n | 4.25%<\/td>\n | 4.25%<\/td>\n<\/tr>\n | ||||||||||||||||||||||||||||||
| SERBIA<\/td>\n | FM<\/td>\n | 10.75%<\/td>\n | 10.50%<\/td>\n | 10.75%<\/td>\n<\/tr>\n <\/tbody>\n<\/table>\n<\/div>\n NEXT WEEK<\/b> (Week 42) features monetary policy decisions by Sri Lanka, Thailand and Turkey.<\/span><\/div>\n \n
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