BizSugar.com › Finance › Monetary Policy Week in Review - 21 April 2012

The past week in monetary policy saw two major emerging market economy's central banks cut rates; with India cutting by a surprise 50 basis points to 8.00%, and Brazil cutting an expected 75 bps to 9.00%. The only other bank to adjust rates was Mongolia; hiking 100bps to 13.25%. Meanwhile those that held interest rates unchanged were: Canada 1.00%, Chile 5.00%, Turkey 5.75%, Sweden 1.50%, and the Philippines 4.00%.