Monetary Policy for Central Bank of Brazil and National Bank of Poland as on 3rd September 2014

Central Bank of Brazil maintains Selic Rate as on 3rd September 2014

National Bank of Poland maintains Refinancing Rate as on 3rd September 2014

Monetary Policy for #CentralBankOfBrazil and #NationalBankOfPoland as on 3rd September 2014

The Central Bank of Brazil maintains its #SelicRate at 11% per annum
Data compiled and released by Central Bank of Brazil

National Bank of Poland maintains #ReferenceRate at 2.5% per annum,
with #HeadlineInflation at -0.2% in July 2014.
Data compiled and released by National Bank of Poland

#Poland #MonetaryPolicy #NarodowyBankPolski #NBP
#BancoCentralDoBrasil #Brazil

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Monetary Policy Review for Central Bank of Republic of Turkey and Central Bank of Hungary as on 26h and 27th August 2014

The Central Bank of Hungary maintains
Base Rate as on 26th August 2014

The Central Bank of the Republic of Turkey holds its
Benchmark Repo Rate as on 27th August 2014

Monetary Policy Review for Central Bank of Republic of Turkey and Central Bank of Hungary as on 26h and 27th August 2014

The #CentralBankOfRepublic of #Turkey holds its #RepoRate at 8.25% per annum
And cuts its #OvernightRate by 75 #BasisPoints to 11.25% but maintained #BorrowingRate at 7.5% as on 27th August 2014.
Turkey's #HeadlineInflation rose to 9.32% in July 2014.
Data compiled and released by The Central Bank of Republic of Turkey

The #CentralBankOfHungary maintains #BaseRate at 2.10% per annum as on 26th August 2014.
#Hungary's #HeadlineInflation rose to 0.1% in July 2014.
Data compiled and released by The Central Bank of Hungary

#MagyarNemzetiBank #MonetaryPolicy
#Inflation #MonetaryPolicy #CRBT #TurkiyeKumhuriyetMerkezBankasi

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Trinidad & Tobago Central Bank holds rate, private investment subdued

Trinidad and Tobago's central bank held its benchmark repo rate steady at 2.75 percent as inflationary pressures are well contained and private sector investment remains subdued.
    The Central Bank of Trinidad and Tobago, which trimmed rates by 25 basis points in 2012, said the economic recovery was still dependent on the slow but steady performance of the non-energy sector as significant downside risks stem from the energy sector.
    "Business lending, however, contracted for the sixth consecutive month in May 2013, suggesting that the low interest rate environment is yet to encourage a strong revival in private sector investment," the central bank said.
    The domestic economy expanded by an annual 1.6 percent in the first quarter, the third consecutive quarter of growth, driven by a 2.5 percent rise in the non-energy sector while the energy sector only rose by 0.5 percent due to supply constraints from maintenance and security upgrades at energy companies. Works planned for September continue to weigh on economic recovery for this year.
    In May, the central bank said it was forecasting growth this year of 2.5 percent, up from 0.2 percent in 2012, based on a rebound in natural gas production.

    Despite low interest rates, the central bank said growth in private sector credit grew by an annual 3 percent in May from 2 percent in December though consumer lending had picked up in recent months.
    But business lending contracted by over 5 percent in May, the sixth consecutive monthly drop.
    Liquidity in the financial system is still elevated but a $1 billion central government bond from May, along with tax payments in late June and July, had helped remove some excess liquidity.
    To further contain liquidity, the central bank said it had opened for auction another central government bond, to be issued on August 6, whose proceeds would be sterilized and thus withdraw some $1 billion from the banking system.
    Headline inflation accelerated in June to 6.8 percent from 5.6 percent in May while core inflation, which excludes food, slowed to 2.2 percent in June from 24 percent.
    The recent rise in global yields following news that the U.S. Federal Reserve may reduce monetary stimulus, is "expected to influence the trajectory of rates in Trinidad and Tobago given the country's open capital account," the bank said, adding that it would keep an eye on monetary conditions, "including those related to the tapering off of quantitative easing in the United States

Trinidad & Tobago holds rate, private investment subdued - Central Bank News

for more details log on to Central Bank of Trinidad and Tobago website : http://www.central-bank.org.tt/ 

Rwanda Central Bank cuts rate by 50 bps

Rwanda's central bank cut its repo rate by 50 basis points to 7.0 percent to stimulate lending and economic growth in light of inflation that is expected to remain moderate in the third quarter.
    The National Bank of Rwanda (BNR), which last raised its rate in May 2012, said the unfavourable international environment is expected to slow down economic activity in the first half of this year compared with 2012, while the exchange rate has remained stable.
    Rwanda's headline inflation eased to 2.98 percent in May from 4.4 percent in April and the BNR said it expected inflationary pressures to remain moderate in the third quarter.
    "However, BNR will continue to closely monitor developments in underlying factors of inflation and exchange rate volatility so as to take timely appropriate measures," the central bank said in a statement following a meeting of the bank's monetary policy and financial stability committees on June 18.
    Rwanda's financial sector continues to perform well, the bank said, with capital adequacy ratios of 24.6 percent as of March, exceeding the minimum requirements of 15 percent, and adequate liquidity.
    Last month the governor of the BNR said rates would probably be kept unchanged this year as long as inflation remained below 10 percent and better harvests support growth.

Rwanda cuts rate 50 bps, inflation seen moderate in Q3 - Central Bank News

For more details log on to National Bank of Rwanda website : http://www.bnr.rw/