Global Economic Intersection
Advertisement
  • Home
    • 카지노사이트
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
    • 카지노사이트
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Hungary, Albania Extend Easing, Columbia Ups Rate Again

admin by admin
June 3, 2014
in Uncategorized
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Monetary Policy Week in Review, 26-20 May 2014

by Peter Nielsen, Central Bank News

Last week in global monetary policy, Hungary and Albania extended their easing cycles due to low inflationary pressures while Colombia raised its rate for the second consecutive month in anticipation of accelerating inflation.

Meanwhile, the major themes of this year in global finance continued to evolve last week, with growing signs the European Central Bank (ECB) will embark on some form of extraordinary accommodative measures this week, hawkish talk around the Bank of England (BOE), concern over the lack of global economic and monetary cooperation, and a possible extension of the Bank of Japan’s (BOE) aggressive easing campaign past 2015.

But the main feature of monetary policy last week came from the Central Bank of Brazil, which called a halt to its tightening campaign after nine rate rises in a row.

Since April 2013, Brazil’s central bank has raised its rate by a total of 375 basis points, pushing the key Selic rate to 11.0 percent.

The pause was widely anticipated but was still controversial as inflation in April of 6.28 percent is way above the bank’s 4.5 percent target and close to the upper tolerance limit of 6.5 percent. In addition, inflation is also expected to rise further in coming months due to prices increases in connection with the World Cup soccer tournament from mid-June to mid-July.

Just as Turkey’s central bank is battling to shore up its independence and credibility amidst intense political pressure, economists suspect Brazil’s central bank may have let the presidential election in October influence its decision to pause its tightening campaign now.

In Hungary, the central bank cut its rate for the 22nd time in a row, but is inching ever so closer to a neutral stance, and will let next month’s rate decision rest on the outcome of its new economic forecast.

Colombia’s central bank is proving to be very pro-active, once again saying a gradual increase in rates now should reduce the need for larger and more sudden changes in future policy given the lag with which monetary policy impacts economic activity.

The Central Bank of Colombia has now raised rates by 50 basis points this year, (25 basis points in May and April) with its benchmark intervention rate at 3.75 percent.

Meanwhile, Colombia’s inflation rate rose for the fifth consecutive month in April to 2.72 percent, slowly, but surely approaching the bank’s 3.0 percent midpoint target. Through the first 22 weeks of this year, central banks have cut their policy rates 22 times, or 10.6 percent of this year’s 206 monetary policy decisions taken by the 90 central banks followed by Central Bank News.

This is up from 10.1 percent the previous week and 9.6 percent at the end of April but below the 11.9 percent seen at the end of March.

During the same period, policy rates have been raised 19 times, or 9.2 percent, marginally up from 9.1 percent the previous week.

Central banks in emerging markets continue to be very active in responding to the ebb and flow of global liquidity, accounting for just over half of this year’s rate increases (10 of the 19 rate rises worldwide) but only 40 percent of this year’s rate cuts (9 of the 22 rate cuts globally).

Frontier market central banks account for 5 of this year’s rate cuts compared with only 1 rate rise while central banks in other markets have cut rates 7 times and raised rates 6 times. Central banks in developed or advanced markets have raised rates twice (New Zealand) and cut rates once (Israel). LIST OF LAST WEEK’S CENTRAL BANK DECISIONS:

  • Israel holds rate on low inflation and moderate growth
  • Angola holds key rate, raises absorption rate 25 bps
  • Hungary cuts rate 22nd time, to mull next step in June
  • Brazil maintains Selic rate at 11.0 pct after 9 raises
  • Egypt holds rate, repeats limited upside inflation risks
  • Trinidad holds rate, says inflationary pressures could rise
  • Colombia raises rate another 25 bps to curb inflation
  • Fiji maintains accommodative stance, objectives intact
  • Albania cuts rate 25 bps to boost inflation

TABLE WITH LAST WEEK’S MONETARY POLICY DECISIONS:

COUNTRYMSCINEW RATEOLD RATE1 YEAR AGO
ISRAELDM0.75%0.75%1.25%
ANGOLA9.25%9.25%10.00%
HUNGARYEM2.40%2.50%4.50%
BRAZILEM11.00%11.00%8.00%
FIJI0.50%0.50%0.50%
EGYPTEM8.25%8.25%9.75%
TRINIDAD & TOBAGO2.75%2.75%2.75%
COLOMBIAEM3.75%3.50%3.25%
ALBANIA2.50%2.75%3.75%

This week (Week 23) seven central banks will decide on monetary policy, comprising the countries of Australia, India, Uganda, Canada, the United Kingdom, the euro area and Mexico. TABLE WITH THIS WEEK’S MONETARY POLICY DECISIONS:

COUNTRYMSCIDATECURRENT RATE1 YEAR AGO
AUSTRALIADM3-Jun2.50%2.75%
INDIAEM3-Jun8.00%7.25%
UGANDA4-Jun11.50%12.00%
CANADADM4-Jun1.00%1.00%
UNITED KINGDOMDM5-Jun0.50%0.50%
EURO AREADM5-Jun0.25%0.50%
MEXICOEM6-Jun3.50%4.00%

www.CentralBankNews.info


Previous Post

iTunes Spending Is on the Decline

Next Post

Expectations Remain Optimistic Following First Quarter Setback

Related Posts

Addresses With Over 1 Bitcoin Surge To New Highs: Investor Optimism Soars
Econ Intersect News

Addresses With Over 1 Bitcoin Surge To New Highs: Investor Optimism Soars

by John Wanguba
September 29, 2023
Unlocking the Future: Google's Game-Changing Move to Advertise NFT Games Starting September 15th
Business

Unlocking the Future: Google’s Game-Changing Move to Advertise NFT Games Starting September 15th

by John Wanguba
September 8, 2023
Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by John Wanguba
August 5, 2023
Can Worldcoin Overtake Bitcoin?
Economics

Can Worldcoin Overtake Bitcoin?

by John Wanguba
August 4, 2023
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures

by John Wanguba
August 4, 2023
Next Post

Expectations Remain Optimistic Following First Quarter Setback

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Addresses With Over 1 Bitcoin Surge To New Highs: Investor Optimism Soars
  • Unlocking the Future: Google’s Game-Changing Move to Advertise NFT Games Starting September 15th
  • Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.