Monetary Policy Week in Review - 6 May 2012

The past week in monetary policy saw two central banks altering official interest rates; the Reserve Bank of Australia cut its base rate 50 basis points to 3.75%, while the National Bank of Rwanda hiked rates by 50bps to 7.50%. Those central banks that held interest rates unchanged were: Colombia 5.25%, the EU 1.00%, Thailand 3.00%, Uganda 21.00%, Kenya 18.00%, Egypt 9.25%, Romania 5.25% and the...