BizSugar.com › Finance › Monetary Policy Week in Review - 27 April 2012 - Central Bank News

The past week in monetary policy saw 9 central banks announce interest rate decisions. The only bank to change rates was the National Bank of Georgia, cutting 25bps to 6.25%. Those that held interest rates unchanged were: Israel 2.50%, Hungary 7.00%, Japan 0.10%, New Zealand 2.50%, US 0.25%, Hong Kong 0.50%, Zambia 9.00%, and Mexico 4.50%. The Bank of Japan also announced it would add a further 5 trillion yen to its now 70 trillion yen asset purchase program (quantitative easing).