{"id":28121,"date":"2012-03-09T18:04:00","date_gmt":"2012-03-09T23:04:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/09\/monetary-policy-week-in-review-10-march-2012\/"},"modified":"2012-03-09T18:04:00","modified_gmt":"2012-03-09T23:04:00","slug":"monetary-policy-week-in-review-10-march-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/09\/monetary-policy-week-in-review-10-march-2012\/","title":{"rendered":"Monetary Policy Week in Review &#8211; 10 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><span>The past week in monetary policy and central banking saw just one central bank change interest rates, with Brazil cutting rates 75 basis points to 9.75%. &nbsp;Meanwhile those that held interest rates unchanged were: Australia 4.25%, Kenya 18.00%, Poland 4.50%, New Zealand 2.50%, EU 1.00%, UK 0.50%, Korea 3.25%, Serbia 9.50%, Peru 4.25%, Canada 1.00%, Malaysia 3.00%, and Indonesia 5.75%. &nbsp;The Reserve Bank of India also made headlines, cutting its Cash Reserve Ratio by 75 basis points to 4.75%.<\/span><\/p>\n<div><a href=\"http:\/\/1.bp.blogspot.com\/-JtnZDbrF5mw\/T1qFqb89P0I\/AAAAAAAAATM\/Xk3U_Hg-acI\/s1600\/Monetary+Policy+Rates+10+Mar+2012.jpg\" imageanchor=\"1\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"250\" src=\"http:\/\/1.bp.blogspot.com\/-JtnZDbrF5mw\/T1qFqb89P0I\/AAAAAAAAATM\/Xk3U_Hg-acI\/s400\/Monetary+Policy+Rates+10+Mar+2012.jpg\" width=\"400\" \/><\/a><\/div>\n<p><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><span><span>, the main event next week is the US Federal Reserve&#8217;s FOMC (Federal Open Market Committee), Wall Street will be watching the release closely for any signs of further Quantitative Easing e.g. &#8220;QE3&#8221; or even&nbsp;<\/span><span>sterilized<\/span><span>&nbsp;quantitative easing. The Bank of Japan meeting and Swiss National Bank meetings will also be worth watching.<\/span><\/span><\/span><br \/><span><span><br \/><\/span><\/span><\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-13<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>JPY<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Japan<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Bank of Japan<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-13<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>USD<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>United States<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Federal Reserve<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-14<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>NOK<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Norway<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Norges Bank<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-15<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>CHF<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Switzerland<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>The Swiss National Bank<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-15<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>INR<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>India<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Reserve Bank of India<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-16<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>MXN<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Mexico<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Banco de Mexico<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/p>\n<div><b><br \/><\/b><\/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-10-march.html\">http:\/\/www.centralbanknews.info\/2012\/03\/monetary-policy-week-in-review-10-march.html<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3655654035253485722?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past week in monetary policy and central banking saw just one central bank change interest rates, with Brazil cutting rates 75 basis points to 9.75%. &nbsp;Meanwhile those that held interest rates unchanged were: Australia 4.25%, Kenya 18.00%, Poland 4.50%, New Zealand 2.50%, EU 1.00%, UK 0.50%, Korea 3.25%, Serbia 9.50%, Peru 4.25%, Canada 1.00%, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/09\/monetary-policy-week-in-review-10-march-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Monetary Policy Week in Review &#8211; 10 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-28121","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28121","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=28121"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28121\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}