accountA major feature of the past week was continued emerging market monetary policy tightening, but it wasn't all conventional interest rate hikes. Of those that did increase rates were Chile +50bps to 4.50%, and Armenia +25bps to 8.50%. Those that held rates steady after reviewing policy were: South Korea 3.00%, Indonesia 6.75%, Canada 1.00%, Rwanda 6.00%, Georgia 8.00%, and Mexico 4.50%.
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Reactions to Monetary Policy Week in Review - 16 April 2011
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