BizSugar.com › Finance › Monetary Policy Week in Review - 24 September 2011

The past week in monetary policy saw 10 central banks reviewing monetary policy settings, with just 1 (Nigeria +50bps to 9.25%) changing interest rates. Those that held rates unchanged were: Morocco 3.25%, Turkey 5.75%, Hungary 6.00%, Norway 2.25%, USA 0.25%, Iceland 4.50%, Hong Kong 0.50%, South Africa 5.50%, and the Czech Republic 0.75%. On required reserve ratios, Croatia increased its RRR by 100bps to 14.00%. Of course the biggest news was