By Central Bank News (Guest Post)
The past week in monetary policy saw interest rate decisions from nine central banks around the world. Of those reviewing policy settings, only Uruguay adjusted its interest rate, +50bps to 8.00%. The other eight banks held their interest rates unchanged, those were: Hungary 6.00%, the US 0.25%, Namibia 6.00%, Norway 2.25%, Hong Kong 0.50%, Turkey 6.25%, Czech Republic 0.75%, and Sierra Leone 23.00%. Also of note was the US FOMC statement which referred to the completion of QEII (the second round of quantitative easing), and an intention to keep…
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