Mexico

Monetary Policy Update of #NewZealand #Fiji #Brazil #Mexico #Russia

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new zealand monetary policy-30 april 2015-rupesh

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brazil monetary policy-30 april 2015-rupesh

mexico monetary policy -30 april 2015-rupesh

russia monetary policy-30 april 2015-rupesh

#Mexico #Fiji #Russia #Thailand Monetary Policy Update

#BancodeMexico #BankofMexico #InterestRates #Mexico #Thailand #BahkPocchh #MonetaryPolicy #BankofThailand #Russia #Fiji #FijianDollar #ReserveBankofFiji #RussianEquityMarket #FinancialResearch #EconomicData #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 Highlights for Monetary Policy Rates for the first week of September 2014.

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Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.
Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.

Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.

#CentralBankOfEgypt #ReserveBankOfAustralia #CentralBankOfBrazil #BankOfCanada
#RiksBank #CentralBankOfKenya #EuropeanCentralBank #BankOfEngland #BankOfMexico
#Egypt #Australia #Brazil #Canada #Sweden #Kenya #ECB #England #Mexico #MonetaryPolicy

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Global Central Bank Monetary Policy Week in Review – Apr 20, 2013

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Monetary Policy Week in Review – Apr 20, 2013: One central bank raises rate, 1 cuts as inflation remains sticky – Central Bank News.

Last week six central banks took policy decisions with two major banks in emerging markets (Turkey and Brazil) changing their rates in opposite direction while the other four central banks (Canada, Sweden, Mozambique and Sri Lanka) kept rates steady as inflation remains sticky despite weak global growth.
    Brazil’s 25 basis point rate hike – well-flagged and overdue – was significant because it illustrates that inflationary pressures are building in some emerging markets, specifically Asian countries, and central bankers will defend their inflation-fighting credentials.
    Brazil’s move was in contrast to decisions by Canada and Sweden to further push back the time frame for rate rises, showing how the euro area’s severe crises is hampering economic recovery throughout advanced economies while growth in many emerging markets is accelerating.
    While inflation remains an issue in many emerging countries, disinflation – or deflation in the case of Japan – haunts many advanced economies as long unemployment lines holds down wage pressure along with excess industrial capacity.
    Sweden’s Riksbank specifically cited the need to keep policy rates low for longer than forecast because inflation will take longer to return to target than expected. For 2013 inflation is forecast to average a mere 0.1 percent.
    Weaker-than-expected growth is also holding back inflation in Canada, with the Bank of Canada now first expecting inflation to return to target by mid-2015, at least six months later than it expected in January.
   Turkey, which bounced back swiftly from the global financial crises but then was hit by slow growth last year, cut its rate by a larger-than-expected 50 basis points despite inflation above the central bank’s target.
    The latest central bank decisions came as policy makers gathered in Washington D.C. for the annual meeting of the International Monetary Fund.
    While the IMF trimmed its 2013 global growth forecast, it also said the global economy was taking on the characteristics of a three-speed recovery. Growth in emerging and developing markets is still strong, the U.S. is getting back on its feet, but the euro area is continuing to contract with adverse feedback loops between weak banks, weak sovereigns and low economic activity reinforcing each other.
    Through the first 16 weeks of this year, 77 percent of the 147 policy decisions taken by the 90 central banks followed by Central Bank News have lead to unchanged rates, the same ratio as after 15 weeks.
    Globally, 19 percent of policy decisions this year have lead to rate cuts – largely by central banks in emerging economies – unchanged from last week and slightly down from 20 percent the week before then.
 LAST WEEK’S (WEEK 16) MONETARY POLICY DECISIONS:
COUNTRY MSCI     NEW RATE         OLD RATE        1 YEAR AGO
MOZAMBIQUE 9.50% 9.50% 13.50%
SRI LANKA FM 7.50% 7.50% 7.75%
TURKEY EM 5.00% 5.50% 5.75%
BRAZIL EM 7.50% 7.25% 9.00%
SWEDEN DM 1.00% 1.00% 1.50%
CANADA DM 1.00% 1.00% 1.00%
Next week (week 17) features nine central bank policy decisions, including Hungary, Namibia, New Zealand, Philippines, Fiji, Japan (including the economic outlook), Mexico, Colombia, and Trinidad and Tobago.
COUNTRY MSCI              DATE               RATE        1 YEAR AGO
HUNGARY EM 23-Apr 5.00% 7.00%
NAMIBIA 24-Apr 5.50% 6.00%
NEW ZEALAND DM 24-Apr 2.50% 2.50%
PHILIPPINES EM 25-Apr 3.50% 4.00%
FIJI 25-Apr 0.50% 0.50%
JAPAN DM 26-Apr 0.00% 0.10%
TRINIDAD & TOBAGO 26-Apr 2.75% 3.00%
MEXICO EM 26-Apr 4.00% 4.50%
COLOMBIA EM 26-Apr 3.25% 5.25%

 

Mexico’s Central Bank News

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Mexico reduces rate by 50 bps in first cut since July 2009 – Central Bank News.

Mexico’s central bank cut its benchmark interest rate by a larger-than-expected 50 basis points to 4.0 percent to boost spending and growth, but stressed it was not embarking on a new cycle of easing and the rate cut would not jeopardize the path towards lower inflation.
    Banco de Mexico said its first rate cut since July 2009 was made possible by the country’s progress in anchoring inflationary expectations, reducing the persistence and volatility of inflation, the lack of second-round effects from price shocks and a significant decline in the inflation risk premium.
    But Mexico’s economy is now feeling the effects of an expected decline in U.S. growth where budget cuts are affecting prospects and there is uncertainty about Europe’s economic recovery.
    “The global economy continues to show signs of weakness,” the Bank of Mexico said, adding that rising unemployment will allow the economy to grow without stoking inflation.
   The rate cut comes after the central bank changed course in January and signaled that rate cuts may be in the offing after last year’s frequent warnings of rate hikes to control inflation. 
   Mexico’s inflation rate rose to 3.55 percent in February from 3.25 percent in January but this is still well below 2012’s average rate of 4.11 percent.
    The central bank targets annual inflation of 3.0 percent, plus/minus one percentage point.

    The central bank said the rise in February inflation is expected to be temporary with headline inflation rising to around 4 percent in coming months before settling down to a rate of about 3.0 percent in the second half of this year and in 2014.
    Core inflation, which was slightly below 3.0 percent in February, is forecast to remain close to 3.0 percent and even below for most of 2013 and 20145.
    “In sum, although inflation rates are expected to be higher in the short term, this is not expected to affect the converging path of inflation in the medium term,” the central bank said, adding that an expected reduction in government deficit in fiscal 2013 also helped paved the way for the rate cut.
    “The Board believes that this measure, which does not represent the beginning of a cycle with the goal of a lower interbank interest rate benchmark, supports an expansion of spending in the economy according to its growth potential and a convergence inflation to the permanent objective of 3 percent,” the central bank said.
    Mexico’s Gross Domestic Product grew by 0.8 percent in the fourth quarter from the third quarter for annual growth of 3.2 percent, the same rate as in the third quarter. In 2011 the economy expanded by 3.9 percent.

     www.CentralBankNews.info