The past week in monetary policy saw interest rate decisions announced by 9 central banks around the world. Of those that changed interest rates (all dropping rates) were: Indonesia -50bps to 6.00%, Serbia -75bps to 10.00%, and Jamaica -50bps to 6.25%. Meanwhile those that held interest rates unchanged were: The UK 0.50%, South Africa 5.50%, South Korea 3.25%, Poland 4.50%, Malaysia 3.00%, and Peru 4.25%.

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