Looking at the central bank calendar, the week ahead sees the central banks of Israel, Hungary, Turkey, and South Africa meeting to review monetary policy settings. The base case would be for no change among all of these emerging market central banks. Elsewhere next week features speeches from Fed Chairman Ben Bernanke, ECB president Mario Draghi, Bank of Canada Governor, Mark Carney, and the Bank of England puts out its quarterly bulletin.
Mar-26
|
ILS
|
Israel
|
Bank of Israel
|
Mar-27
|
HUF
|
Hungary
|
The Magyar Nemzeti Bank
|
Mar-27
|
TRY
|
Turkey
|
Central Bank of Turkey
|
Mar-29
|
ZAR
|
South Africa
|
South African Reserve Bank
|
Source: www.CentralBankNews.info
Article source: http://www.centralbanknews.info/2012/03/monetary-policy-week-in-review-24-march.html
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I'm hearing more rumors about an imminent RRR cut from the PBOC - you heard anything on that yet?
ReplyDeleteInflation is still a risk, but that flash PMI result the other day was not at all promising - methinks an RRR cut would be timely!
DeleteHaven't heard anything yet, will post to the website as soon as we hear anything. Usually the PBOC makes its moves close to key data releases.
DeleteWhy aren't more banks cutting rates?
ReplyDeleteWhile each bank faces a different set of circumstances, some reasons for not cutting - or increasing rates - include a strong domestic economy, rising inflation pressures and expectations, and economic imbalances.
DeleteThese weekly reviews are really good
ReplyDelete