{"id":63789,"date":"2014-11-17T01:58:33","date_gmt":"2014-11-17T06:58:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=63789"},"modified":"2014-11-17T07:43:32","modified_gmt":"2014-11-17T12:43:32","slug":"monetary-policy-week-in-review-nov-10-15-2014-serbia-pakistan-cut-rates-as-commodity-prices-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/monetary-policy-week-in-review-nov-10-15-2014-serbia-pakistan-cut-rates-as-commodity-prices-drop\/","title":{"rendered":"Monetary Policy Week in Review \u2013 Nov 10-15, 2014: Serbia, Pakistan cut rates as commodity prices drop"},"content":{"rendered":"
November 17, 2014<\/div>
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By CentralBankNews.info<\/u><\/a>
\n    The central banks of Serbia and Pakistan cut their rates last week as the fall in global commodity prices from waning demand is leading to disinflation.
    The drop in commodity prices picked up speed in October with the International Monetary Fund’s (IMF) index down a sharp 6.42 percent, continuing the decline seen since June.
    Nevertheless, the central banks of Ghana and Ukraine raised their rates last week in response to the continued decline in their currencies that is leading to accelerating inflation.<\/p>\n

    <\/span>Through the first 46 weeks of this year, the 90 central banks followed by Central Bank News have cut their policy rates 57 times, or 13.9 percent of this year\u2019s 417 policy decisions, up from 13.5 percent at the end of the third quarter and 12 percent at the end of the first half, and 12 percent at the end of the first quarter.<\/span><\/div>\n
    <\/span>Meanwhile, rates have been raised 44 times, or 10.4 percent of all policy decisions, up from 10.2 percent at the end of September, 9.3 percent at the end of June and 8.7 percent at the end of March. <\/span><\/div>\n
    Boosted by Ghana\u2019s and Ukraine\u2019s large rate rises, the Global Monetary Policy Rate – the average rate of the 90 central banks followed by Central Bank News \u2013 rose to 5.60 percent, up from 5.54 percent at the end of the third quarter and 5.53 percent at the end of the second and first quarters.<\/span><\/div>\n
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LIST OF LAST WEEK\u2019S CENTRAL BANK DECISIONS<\/span><\/b>:<\/b><\/span><\/div>\n
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