By Central Bank News (Guest Post)
The past week in monetary policy saw just 4 central banks review interest rate settings: Belarus increased +500bps to 27.00%, Brazil dropped -50bps to 12.00%, Israel held at 3.25% and Ghana held at 12.50%. Aside from interest rates, the People’s Bank of China was reported as planning to increase the scope of its Required Reserve Ratio, which by some estimates would amount to an effective 100 basis point increase. Also on required reserves, the State Bank of Vietnam raised its foreign currency required reserve ratios by 100 basis…
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