albania

Monetary Policy of #Albania #Thailand #CzechRepublic in August 2015

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czech monetary policy-6 august 2015-rashi albania monetary policy 6 august 2015-rashi thailand monetary - aug 2015-tapan

‪#‎CzechRepublic‬ ‪#‎CNB‬ ‪#‎CzechNationalBank‬ ‪#‎MonetaryPolicy‬‪ #‎InterestRate #Unchanged #‎Finance‬#BankOfAlbania #Thailand #BankOfThailand #‎JhunjhunwalasFinance‬
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Monetary Policy Update of Georgia, Albania and Norway on May 2015

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norway monetary policy-arpit

Albania monetary policy-6 may 2015-arpit

georgia monetary policy-6 may 2015-arpit

Monetary Policy Update of Georgia, Albania and Norway on May 2015

‪#‎Georgia‬ ‪#‎KeyPolicyRate‬ ‪#‎MonetaryPolicy‬ ‪#‎GeorgiaCentralBank‬ ‪#‎Albania‬ ‪#‎BankofAlbania‬ ‪#‎Norway‬ ‪#‎NorgesBank‬ ‪#‎CentralBankofNorway‬ ‪#‎JhunjhunwalasFinance‬

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Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

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Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.
Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

 

Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

#NationalBankOfRwanda #Rwanda #CentralBankofIceland #Iceland #ECB #EuropeanCentralBank #Europe
#ReserveBankOfAustralia #Australia #BankOfIndonesia #Indonesia #NationalBankOfPoland #Poland
#BOE #BankOfEngland #CentralBankOfTajikistan #Tajikistan #CentralReserveBankOfPeru #Peru
#BankOfUganda #Uganda #BankOfKorea #SouthKorea #NationalBankOfSerbia #Serbia
#CentralBankOfEgypt #Egypt #CentralBankOfChile #Chile #CentralBankOfSrilanka #Srilanka
#BankOfMozambique #Mozambique #CentralBankOfNamibia #Namibia #BankOfCanada #Canada
#BankOfNorway #NorgesBank #Norway  #CentralBankOfPhillipines #Phillipines #CentralBankOfTurkey #Turkey
#BankOfIsrael #Israel  #BankOfMauritius #Mauritius #NationalBankOfAngola #Angola #BankOfAlbania #Albania
#RiksBank #CentralBankOfSweden #Sweden #NationalBankOfHungary #Hungary
#CentralBankOfBrazil #Brazil  #ReserveBankOfNewZealand #NewZealand
#ReserveBankOfFiji #Fiji  #CentralBankOfColombia #Colombia
#BankOfJapan #Japan #BankOfRussia #Russia #RussianFederation
#BankOfMexico #Mexico #America

#MonetaryPolicy #MPR #MonetaryPolicyRate
#InterestRate #RepoRate #PolicyRate #KeyRate

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Global Central Banks Monetary Policy Weekly Review for week ended May 4, 2013

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Monetary Policy Week in Review – May 4, 2013: Europe, India cut rates, Fed assures QE depends on economy – Central Bank News.

 Last week 11 central banks took policy decisions with six banks keeping rates steady (Angola, Albania, the United States, the Czech Republic, Romania and Uganda), Bulgaria raising its rate and four banks cutting rates, most notably the European Central Bank (ECB) and theReserve Bank of India (RBI) along with Denmark and Botswana.
    Both the ECB and the RBI cut their key rates by 25 basis points, both rate cuts were widely expected and both central banks appealed – almost in unison – to their respective governments to get busy on reforming their economies as the problems, as ECB President Mario Draghi said, “cannot be fixed by monetary policy.”
    That sentiment was echoed by the RBI, which said “recent monetary policy action, by itself, cannot revive growth.”
    But that is where the similarities end.
   While Draghi said the ECB is “ready to act if needed,” including pushing the deposit rate into negative territory, the RBI cautioned there was  “little space for further monetary easing” due to inflationary pressures.
    Despite his willingness to act, Draghi is running out of options to reverse Europe’s shrinking economy. Large banks can draw all the money they need from the ECB at a refinancing rate of 0.50 percent while banks that rely on the interbank market for funds pay 6-7 basis points, or “almost zero, ” as Draghi said.
    And a plan to funnel loans to small and medium-sized businesses, mentioned by Draghi last month, turns out to be a very complex undertaking that will not happen in the near term.
    “The ECB cannot clean bank’s balance sheets,” Draghi said, admitting that he was frustrated that his efforts were not ending up with “better welfare, lower unemployment and better economic activity” in the 17-nation euro area.
    The core of the problem is that 80 percent of all loans or credits to businesses in Europe go through the banking system but banks are getting weaker and less able to lend as the ongoing recession increases the share on non-performing loans and toxic assets on their books. Some banks will now have to strengthen their capital base.
    “In Europe, you have to go through banks. You don’t have capital markets of the kind you have in the United States, so that we have to proceed via the banking system,” Draghi said, adding that 80 percent of all financial intermediation in the U.S. goes via capital markets.
    So together with the European Investment Bank (EIB), the ECB is working on ways to package and thus create a market for such loans, known as asset-backed securities (ABSs).
    But it’s far from an easy task and the outcome is far from clear.
    “We do not have a precise position on what we will do,” Draghi admitted, “you have to consider that the ABS market is dead and has been dead for a long time.”
    Another important event in central banking this week was the Federal Reserve’s  statement that it may either increase or decrease the amount of assets it will be purchasing, depending on the state of the U.S. jobs market and inflation.
    Like the Bank of Japan and the Bank of England, the Federal Reserve has been engaged in purchasing various assets, mainly government bonds, to keep long-term interest rates low as a way to  stimulate economic activity when official policy rates hit the zero bound.
    While the Federal Reserve is still sticking to its current plan of buying $85 billion worth of Treasuries and housing-related debt a month, the issue of how and when it will start to curtail these purchases weigh heavily on investors’ minds.
    Although the Federal Reserve has assured markets that its “exceptionally” low target for the federal funds rate will remain in place for quite a while, any sign that it will reduce its asset purchases seems likely to be interpreted as the start of monetary tightening, sending shockwaves through financial markets.
      Every word uttered by members of the Federal Open Market Committee of how and when the Federal Reserve will start to normalize monetary policy is causing jitters in markets, and the debate is likely to dominate sentiment for months.
    Signs of an improving U.S. economy is immediately met by expectations that the Federal Reserve will wind down asset purchases while signs of a worsening economy is seen as a reason for expanding asset purchases.
    By now officially linking its asset purchases to inflation and the jobs market – just like the federal funds rate – the Federal Reserve is seeking to soothe investors’ frayed nerves: Don’t worry, monetary policy will first be tightened when the economy is strong enough to handle it.
    Through the first 18 weeks of this year, 20 percent of the 168 policy decisions taken by the 90 central banks followed by Central Bank News have lead to rate cuts, up from 19 percent after the first 17 weeks.
    Central banks in emerging markets account for 38 percent of this year’s rate cuts, but thanks to this week’s cut by the ECB and Denmark, the ratio of rate cuts by banks in developed markets tripled to 9 percent from 3 percent.
    Central banks from other markets – such as Botswana this week and Mongolia and Georgia in past weeks – account for 41 percent of all rate cuts this year.
    But the overwhelming majority of this year’s decisions by central banks, 76 percent, have gone in favour of holding rates on hold following last year’s spree of rate cuts and the slow, but gradual improvement of the global economy.
LAST WEEK’S (WEEK 18) MONETARY POLICY DECISIONS:
COUNTRY MSCI     NEW RATE         OLD RATE        1 YEAR AGO
ANGOLA 10.00% 10.00% 10.25%
BOTSWANA 9.00% 9.50% 9.50%
BULGARIA FM 0.02% 0.01% 0.15%
ALBANIA 3.75% 3.75% 4.25%
UNITED STATES DM 0.25% 0.25% 0.25%
EURO AREA DM 0.50% 0.75% 1.00%
CZECH REPUBLIC EM 0.05% 0.05% 0.75%
DENMARK DM 0.20% 0.30% 0.60%
ROMANIA FM 5.25% 5.25% 5.25%
UGANDA 12.00% 12.00% 20.00%
INDIA EM 7.25% 7.50% 8.00%
    Next week (week 19) features 13 central bank policy decisions, including Australia, Sri Lanka, Norway, Malawi, Poland, Georgia, South Korea, United Kingdom, Malaysia, Peru, Egypt, the Philippines and Mozambique. New Zealand will be issuing its financial stability report on May 8.
    In addition, the U.K is hosting the spring meeting of Group of Seven (G7) finance ministers and central bank governors on Friday and Saturday. The G7, which has met regularly since 1976, comprises Canada, France, Germany, Italy, Japan, the UK and the USA. Representatives of the European Union, the ECB and heads of international financial institutions also attend the meetings.
COUNTRY MSCI              DATE               RATE        1 YEAR AGO
AUSTRALIA DM 7-May 3.00% 3.75%
SRI LANKA FM 7-May 7.50% 7.75%
MALAWI 7-May 25.00% 16.00%
NORWAY DM 8-May 1.50% 1.50%
POLAND EM 8-May 3.25% 4.75%
GEORGIA 8-May 4.50% 6.00%
SOUTH KOREA EM 9-May 2.75% 3.25%
UNITED KINGDOM DM 9-May 0.50% 0.50%
MALAYSIA EM 9-May 3.00% 3.00%
PERU EM 9-May 4.25% 4.25%
EGYPT EM 9-May 9.75% 9.25%
PHILIPPINES EM 10-May 3.50% 4.00%
MOZAMBIQUE 10-May 9.50% 13.50%

Global Monetary Policy Rates – February 2013 : Global Central Bank News

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Global Monetary Policy Rates – Feb. 2013: Rates decline further but pace slows as growth prospects improve – Central Bank News.

 Global interest rates declined further in February as six central banks cut rates by a total of 150 basis points, pushing the average global monetary policy rate down to 5.86 percent from January’s 5.88 percent and December’s 5.92 percent.
    The pace of rate cuts cooled from January when the 90 central banks followed by Central Bank News trimmed rates by a total of 342 basis points, as many central banks start to shift towards a more neutral stance to gauge the impact of last year’s rate cuts, U.S. budget cuts and Europe’s recession.
    Only one central bank raised rates in February: Serbia, which has now raised rates by 50 basis points this year, continuing its dogged fight against inflation.
    Apart from Denmark, which raised its rate in January for exchange rate reasons, Serbia is the only central bank worldwide to have tightened policy this year, illustrating how weak global demand is keeping inflation at bay and allowing central banks to cut interest rates to stimulate growth.
    Declining inflation rates and subdued upward pressure was specifically cited by five of this month’s rate cutters (Georgia, Azerbaijan, Poland, Hungary and Colombia) in their policy statements. 
    Nevertheless, some central banks are starting to voice concern over inflationary pressures, especially Brazil, Russia and Malaysia, while China has been draining funds from the banking system to temper the rise in inflation.
    While there are still major risks to the global economic recovery, the overall picture of the global economy is one of brightening prospects, with the U.S., China and emerging markets growing stronger while Europe is weakening.
    The Reserve Bank of Australia (RBA) and the Bank of Israel (BOI) typify those central banks that are in a holding pattern. After last year’s sizable rate cuts, their economies are adjusting with the RBA saying the full impact of “significant easing” is yet to come while the BOI notes it’s too early to tell whether the economy has reached a turning point.
    Asia remains the hub for global growth, with a pickup in China’s economic activity cited by both Indonesia and far-away Chile as helping their exports. South Korea, Thailand, Japan and Sweden also noted improving exports.
     New Zealand, whose strong currency is helping curtain inflation, is also more upbeat about its economic prospects and keeping a close eye on house prices for any signs of overheating.

INTEREST RATE CUTS, YEAR-TO-DATE IN BASIS POINTS, FEBRUARY 2013:

COUNTRY MSCI    CURRENT RATE       YTD CHANGE
KENYA FM 9.50% -150
MONGOLIA 12.50% -75
COLOMBIA EM 3.75% -50
GEORGIA 4.75% -50
HUNGARY EM 5.25% -50
JAMAICA 5.75% -50
POLAND EM 3.75% -50
AZERBAIJAN 4.75% -25
ALBANIA 3.75% -25
ANGOLA 10.00% -25
INDIA EM 7.75% -25
MACEDONIA 3.50% -25
BULGARIA FM 0.01% -2



www.CentralBankNews.info