BizSugar.com › Finance › Monetary Policy Week in Review - 20 August 2011

The past week in monetary policy saw just 5 central banks meeting to review monetary policy settings. Those that changed interest rates were: Iceland +25bps to 4.50% and Georgia -25bps to 7.50%. Meanwhile those that held interest rates unchanged were: Colombia 4.50%, Sri Lanka 7.00%, and Chile 5.25%. Elsewhere the Monetary Authority of Singapore released a statement affirming is monetary policy stance, following significant financial market movements. Similarly the Swiss National Bank announced even further measures to counter the strong Swiss franc. Also on the radar was the ECB releasing data showing in the week ending the 12th of August it had spent 22 billion euros on bond purchases as part of its SMP.