BizSugar.com › Finance › Monetary Policy Week in Review - 5 Nov 2011

The past week in monetary policy saw 8 interest rate changes announced among the 12 central banks that met to review policy settings. Of those changing interest rates, those that increased rates were: Uganda +300bps to 23.00%, Kenya +550bps to 16.50%, and Iceland +25bps to 4.75%. Meanwhile those that cut rates were: Australia -25bps to 4.50%, Fiji -100bps to 0.50%, Europe -25bps to 1.25%, Romania -25bps to 6.00%, and Denmark -35bps to 1.20%. Those that held rates unchanged were: Trinidad & Tobago 3.00%, USA 0-0.25%, Hong Kong 0.50%, and the Czech Republic 0.75%.