{"id":27905,"date":"2012-03-02T15:44:00","date_gmt":"2012-03-02T20:44:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/02\/monetary-policy-week-in-review-3-march-2012\/"},"modified":"2012-03-02T15:44:00","modified_gmt":"2012-03-02T20:44:00","slug":"monetary-policy-week-in-review-3-march-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/02\/monetary-policy-week-in-review-3-march-2012\/","title":{"rendered":"Monetary Policy Week in Review &#8211; 3 March 2012"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p>The past week in monetary policy saw interest rate decisions announced by 6 central banks, with those changing rates including: Tajikistan -80bps to 9.00%, Philippines -25bps to 4.00%, and Uganda -100bps to 21.00%. &nbsp;Those that held monetary policy rates unchanged were: Israel at 2.50%, Angola at 10.25%, and Hungary at 7.00%. &nbsp;The European Central Bank also completed its second <a href=\"http:\/\/www.centralbanknews.info\/2012\/02\/ecb-allots-eur-5295-billion-in-second.html\">LTRO<\/a>, with 529.5 billion Euros allotted to 800 banks.<\/p>\n<div><a href=\"http:\/\/1.bp.blogspot.com\/-EmuyjQDdW6A\/T1Eq4yjQiRI\/AAAAAAAAAS0\/8VCELoWuhL0\/s1600\/Monetary+Policy+Rates+3+Mar+2012.jpg\" imageanchor=\"1\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"243\" src=\"http:\/\/1.bp.blogspot.com\/-EmuyjQDdW6A\/T1Eq4yjQiRI\/AAAAAAAAAS0\/8VCELoWuhL0\/s400\/Monetary+Policy+Rates+3+Mar+2012.jpg\" width=\"400\" \/><\/a><\/div>\n<p><span><\/span><br \/><a name='more'><\/a><span>Looking at the&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/p\/central-bank-calendar.html\">central bank calendar<\/a><span>, the week ahead features several key central bank meetings; within developed markets there&#8217;s the ECB, BoE, RBNZ, RBA, and BOC, while in emerging markets there&#8217;s Poland, Brazil, Indonesia, Peru, and Malaysia. The most important meetings will likely be the European Central Bank, though they may continue to hold current policy settings; and the Banco Central do Brasil, which is likely to cut rates again. The developed market banks will likely hold, while there may be further cuts in emerging markets.<\/span><\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-06<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>AUD<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Australia<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Reserve Bank of Australia<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-07<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>PLN<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Poland<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>National Bank of Poland<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-07<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>BRL<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Brazil<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Banco Central do Brasil<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>NZD<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>New Zealand<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Reserve Bank of New Zealand<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>GBP<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>United Kingdom<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Bank of England<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>EUR<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Eurozone<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>European Central Bank<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>CAD<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Canada<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Bank of Canada<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>IDR<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Indonesia<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Bank Indonesia<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-08<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>PEN<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Peru<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Central Reserve Bank of Peru<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-09<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>MNR<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Malaysia<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Central Bank of Malaysia<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div><\/div>\n<div><b>Source:<\/b>&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><span><span><br \/><b>Article source:&nbsp;<\/b><\/span><\/span><a href=\"http:\/\/www.centralbanknews.info\/2012\/03\/monetary-policy-week-in-review-3-march.html\">http:\/\/www.centralbanknews.info\/2012\/03\/monetary-policy-week-in-review-3-march.html<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-644610757919128875?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past week in monetary policy saw interest rate decisions announced by 6 central banks, with those changing rates including: Tajikistan -80bps to 9.00%, Philippines -25bps to 4.00%, and Uganda -100bps to 21.00%. &nbsp;Those that held monetary policy rates unchanged were: Israel at 2.50%, Angola at 10.25%, and Hungary at 7.00%. &nbsp;The European Central Bank &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/02\/monetary-policy-week-in-review-3-march-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Monetary Policy Week in Review &#8211; 3 March 2012&#8221;<\/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-27905","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=27905"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/27905\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=27905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=27905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=27905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}