The past week in monetary policy saw interest rate decisions announced by 14 central banks around the world. Those changing interest rates were: Australia -25bps to 4.25%, EU -25bps to 1.00%, and Serbia -25bps to 9.75%. Meanwhile those holding rates unchanged were: Canada 1.00%, Armenia 8.00%, Iceland 4.75%, Poland 4.50%, Namibia 6.00%, New Zeala
(Business and Economy)
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