{"id":28509,"date":"2012-03-23T17:20:00","date_gmt":"2012-03-23T21:20:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2012\/03\/23\/monetary-policy-week-in-review-24-march-2012\/"},"modified":"2012-03-23T17:20:00","modified_gmt":"2012-03-23T21:20:00","slug":"monetary-policy-week-in-review-24-march-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/23\/monetary-policy-week-in-review-24-march-2012\/","title":{"rendered":"Monetary Policy Week in Review &#8211; 24 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 saw 8 central banks announcing monetary policy decisions. &nbsp;Of those that changed interest rate levels, Mauritius cut its rate -50bps to 4.90%, and Ukraine cut -25bps to 7.50%, while Iceland increased +25bps to 5.00%. &nbsp;Those that held interest rates unchanged were: Nigeria 12.00%, Egypt 9.25%, Thailand 3.00%, Taiwan 1.875%, and Colombia 5.25%. &nbsp;On the required reserves front, Egypt <a href=\"http:\/\/www.centralbanknews.info\/2012\/03\/central-bank-of-egypt-cuts-rrr-200bps.html\">cut its banks required reserve ratio<\/a> by 200 basis points, Ukraine also eased reserve requirements, and the People&#8217;s Bank of China selectively eased reserve requirements for 396 branches of the Agricultural Bank of China.<\/span><\/p>\n<div><a href=\"http:\/\/4.bp.blogspot.com\/-O2zulo656jY\/T2zl8PunE0I\/AAAAAAAAAT0\/z_S7a7FyvLg\/s1600\/Monetary+Policy+Rates+24+Mar+2012.jpg\" imageanchor=\"1\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"242\" src=\"http:\/\/4.bp.blogspot.com\/-O2zulo656jY\/T2zl8PunE0I\/AAAAAAAAAT0\/z_S7a7FyvLg\/s400\/Monetary+Policy+Rates+24+Mar+2012.jpg\" width=\"400\" \/><\/a><\/div>\n<p><span><\/span><br \/><a name='more'><\/a>Looking at the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/p\/central-bank-calendar.html\">central bank calendar<\/a><span><span>, the week ahead sees the central banks of Israel, Hungary, Turkey, and South Africa meeting to review monetary policy settings. The base case would be for no change among all of these emerging market central banks. Elsewhere next week features speeches from Fed Chairman Ben Bernanke, ECB president Mario Draghi, Bank of Canada Governor, Mark Carney, and the Bank of England puts out its quarterly bulletin.<\/span><\/span><\/p>\n<table border=\"0\" cellpadding=\"0\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-26<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>ILS<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Israel<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Bank of Israel<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-27<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>HUF<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Hungary<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>The Magyar Nemzeti Bank<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-27<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>TRY<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>Turkey<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>Central Bank of Turkey<o:p><\/o:p><\/span><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"\" width=\"66\">\n<div><span>Mar-29<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"76\">\n<div align=\"center\"><span>ZAR<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"119\">\n<div><span>South Africa<o:p><\/o:p><\/span><\/div>\n<\/td>\n<td nowrap=\"\" width=\"203\">\n<div><span>South African Reserve Bank<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span><span><br \/><\/span><\/span><\/p>\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-24-march.html\">http:\/\/www.centralbanknews.info\/2012\/03\/monetary-policy-week-in-review-24-march.html<\/a><a href=\"http:\/\/www.centralbanknews.info\/2012\/03\/monetary-policy-week-in-review-17-march.html\"><\/a><\/div>\n<div><span><span><b><br \/><\/b><\/span><\/span><\/div>\n<div><span><span><b>IMPORTANT NOTICE: The Central Bank News website is presently for sale, if you are interested please click through for <a href=\"http:\/\/www.centralbanknews.info\/2012\/03\/central-bank-news-website-goes-up-for.html\">more details<\/a>.<\/b><\/span><\/span><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3253010462596751370?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past week in monetary policy saw 8 central banks announcing monetary policy decisions. &nbsp;Of those that changed interest rate levels, Mauritius cut its rate -50bps to 4.90%, and Ukraine cut -25bps to 7.50%, while Iceland increased +25bps to 5.00%. &nbsp;Those that held interest rates unchanged were: Nigeria 12.00%, Egypt 9.25%, Thailand 3.00%, Taiwan 1.875%, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/03\/23\/monetary-policy-week-in-review-24-march-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Monetary Policy Week in Review &#8211; 24 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-28509","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28509","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=28509"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28509\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}