Global Central Bank Highlights for Monetary Policy Rates as on August 2014
#CentralBankOfColombia raised its #PolicyRate by 25 basis points to 4.25 % as on 1st August 2014.
The #ReserveBankOfFiji Board, at its monthly meeting on 31st July, agreed to maintain the
#OvernightPolicyRate (OPR) at 0.5 percent.
#NationalBankOfRomania at its meeting on 5th August 2014, lowers the #MPR #MonetaryPolicyRate to 3.25% per annum from 3.50% per annum.
#ReserveBankOfAustralia at its #MonetaryPolicy meeting as on 5th August 2014 the Board maintains the #CashRate at 2.5% . .
#ReserveBankOfIndia cuts #SLR by 50 basis points to 22.0 %, #CRR remains unchanged at 4.0 % and #RR also remains the same at 8.0 %
#BankOfZambia in its meeting on 5th August 2014 maintains current #MonetaryPolicyRate at 12% per annum
SLR – Statutory Liquidity Ratio
CRR – Cash Reserve Ratio
RR – Repo Rate
#BancoCentralDeColombia #BancoDeLaRepublica #BanRep #Colombia #FIJI #OPR #Zambia
#BancaNationalaaRomaniei #Romania #BNR #RBA #Australia
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Monetary Policy review for #ReserveBankOfFiji and #BankOfZambia. . .
The Reserve Bank of Fiji Board, at its monthly meeting on 31st July, agreed to maintains the#OvernightPolicyRate (OPR) at 0.5 percent.
Data released by Reserve Bank of Fiji on 1st August 2014.
Bank of Zambia in its meeting on 5th August 2014 maintains current #MonetaryPolicyRate at 12% per annum
Data released by Bank Of Zambia .
#Zambia #MPR #MonetaryPolicy #FIJI #OPR
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Zambia’s central bank held its policy rate steady at 9.25 percent, saying in a brief statement that it had noted the moderation in inflationary risks to inflation in March “mainly due to continued improvement in the supply of maize to millers by the Food Reserve Agency coupled with the expected increase in fish supply follow the lifting of annual fishing ban.”
The Bank of Zambia, which raised its policy rate by 25 basis points in 2012, also said a stable supply of vegetables was expected to moderate inflationary pressures.
“This is in spite of some inflationary risks associated with the cost push pressures arising from lagged pass-through effects of the deprecation of the Kwacha,” the bank said in a statement.
The kwacha was rebased on January 1 and the central bank has been selling dollars in recent months to support the local currency.
Zambia’s inflation rate eased to 7.0 percent in January from 7.3 percent in December