BizSugar.com › Finance › Monetary Policy Week in Review - 26 Dec 2010

The central banks of Hungary, Japan, Poland, the Czech Republic, Georgia, Uruguay, Russia, and China all announced monetary policy rate decisions in the past week. The main standout was the People's Bank of China, which raised interest rates 25bps, lifting the 1-year lending rate to 5.81% and the 1-year deposit rate to 2.75%. Another notable was Russia, which kept the refi rate at 7.75% but increased the overnight deposit rate by 25bps to 2.75%.