BizSugar.com › News › Monetary Policy Week in Review - 14 April 2012

The past week in monetary policy saw 12 central banks announce interest rate decisions. Those that cut rates were: Vietnam -100bps to 13.00% and Mozambique -25bps to 13.50%, while Ghana increased +100bps to 14.50%. Those that held interest rates unchanged were: Russia 8.00%, Japan 0.10%, Armenia 8.00%, Indonesia 5.75%, Fiji 0.50%, Pakistan 12.00%, Korea 3.25%, Serbia 9.50%, and Peru 4.25%. Also making headlines in monetary policy was an announced monetary policy tightening by the Singapore Monetary Authority, a 150 basis point cut to the RRR by Croatia, and selected reductions of the RRR by the People's Bank of China.