Monetary Policy Week in Review - 10 Dec 2011

The past week in monetary policy saw interest rate decisions announced by 14 central banks around the world. Those changing interest rates were: Australia -25bps to 4.25%, EU -25bps to 1.00%, and Serbia -25bps to 9.75%. Meanwhile those holding rates unchanged were: Canada 1.00%, Armenia 8.00%, Iceland 4.75%, Poland 4.50%, Namibia 6.00%, New Zealand 2.50%, UK 0.50%, Botswana 9.50%, Peru 4.25%,...