Global Monetary Policy Rates – Jan. 2013: Global Interest Rates Fall Further As 9 Central Banks Cut While 30 Hold Rates
Global interest rates declined further during January as nine central banks cut rates to shore up economic growth, trimming the average global policy rate of the 90 banks followed by Central Bank News by a net 342 basis points to 5.88 percent from 5.92 percent at the end of 2012. But the [...]
Global interest rates declined further during January as nine central banks cut rates to shore up economic growth, trimming the average global policy rate of the 90 banks followed by Central Bank News by a net 342 basis points to 5.88 percent from 5.92 percent at the end of 2012.
But the overwhelming majority -73 percent of the 41 central banks that took policy decisions last month – kept interest rates on hold, mainly for three reasons: