The past week in monetary policy saw 5 central banks adjusting interest rates, with increases from: Colombia +25bps to 5.00%, and Sri Lanka +50bps to 7.50%; and decreases from: The Gambia -100bps to 13.00%, Uganda -100bps to 22.00%, and Romania -25bps to 5.50%. Meanwhile those that held rates unchanged were: Russia 8.00%, Malaysia 3.00%, Kenya 18.00%, the Czech Republic 0.75%, Egypt 9.25%, and Nigeria 12.00%.

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