DailyMarkets.com - Monetary Policy Week In Review – 17 March 2012

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• Monetary Policy Week In Review – 17 March 2012
• Week Ahead: US Housing Figures Set For Release
• Banco De Mexico Holds Interest Rate Target At 4.50%
• Banco Central De Chile Holds Rate At 5.00%
• National Bank Of Rwanda Holds Interest Rate At 7.00%
• Stocks Finish Mixed, Dow Snaps 7-session Winning Streak

Monetary Policy Week In Review – 17 March 2012 Posted: 17 Mar 2012 01:07 AM PDT The past week in monetary policy saw 13 central banks reviewing policy settings, with 3 banks changing rates; Vietnam -100bps to 14.00%, Mozambique -125bps to 13.75%, and Norway -25bps to 1.50%.  Meanwhile those that held rates unchanged were: Japan 0-0.10%, Russia 8.00%, USA 0-0.25%, Hong Kong 0.50%, Sri Lanka 7.50%, India 8.50%, Switzerland 0-0.25%, Rwanda 7.00%, Chile 5.00%, and Mexico 4.50%. Japan also announced enhancements to its loan program, and Central Bank News launched a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Week Ahead: US Housing Figures Set For Release Posted: 16 Mar 2012 09:00 PM PDT 03/17/12 The upcoming trading week will bring a slew of US housing figures. Central bank meeting minutes from the BoE and RBA will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Banco De Mexico Holds Interest Rate Target At 4.50% Posted: 16 Mar 2012 08:17 PM PDT The Banco de Mexico held its overnight interest rate target steady at 4.50%.  The Bank said [Google Translated]: ”From the foregoing, the Governing Board considers that the current stance of monetary policy is conducive to achieving the goal of permanent inflation of 3%, so we decided to keep unchanged the target for the interbank interest rate one day. Going forward, the Board will remain attentive to the prospects for growth of the Mexican economy, inflation and financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Banco Central De Chile Holds Rate At 5.00% Posted: 16 Mar 2012 08:10 PM PDT The Banco Central de Chile kept its monetary policy interest rate unchanged at 5.00%.  The Bank noted: “Domestically, economic activity and domestic demand have tended to outperform forecasts from the latest Monetary Policy Report. The labor market remains tight and nominal wages show increased dynamism. Credit market conditions are stable. Y‐o‐y CPI inflation is above the tolerance range, while core inflation measures are around 3% annually. Short term inflation expectations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Rwanda Holds Interest Rate At 7.00% Posted: 16 Mar 2012 08:03 PM PDT The National Bank of Rwanda held its key repo rate unchanged at 7.00%.  Bank Governor, Claver Gatete, said: “The monetary and exchange rate policy implemented to date continues to sustain Rwanda’s macroeconomic stability. The financial sector is sound and resilient to external shocks, inflation remains moderate and the Rwandan Franc is stable.  In the second quarter of 2012, headline inflation is expected to remain stable as a result of pursuing tight monetary policy, good … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Finish Mixed, Dow Snaps 7-session Winning Streak Posted: 16 Mar 2012 02:00 PM PDT 03/16/12 The stock market struggled for direction on Friday as it fluctuated between small gains and losses for most of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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