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IF 200 -- August 29, 2011 -- 20/20

MONETARY POLICY-MAKING AROUND THE WORLD  -  The Leading Seven ...
Country & Central Bank
Objective
Central Bank
Interest Rate
%
Last
Change
Date
Inflation
Target
%
Inflation
Actual
%
GDP
Annualized
%
Un-
employment
%
U.S.A.-FED/Price Stability
Federal Reserve
Fed funds 0.25
decreased
Dec. 2008
no set target
3.4
Q2:11 +0.99
9.1
Canada-BOC/Price Inflat.
Bank of Canada
Bank rate 1.00
increased
Sep. 2010
1-3
2.7
Q1:11 +3.9
7.2
Japan - BOJ/Px stability
Bank of Japan
Ov.Call r. 0.05
decreased
Oct. 2010
exit deflation
0.2
Q2:11 -0.3
4.6
S.Korea-BOK / Px Inflat.
Bank of Korea
Repo ratio 3.25
increased
June 2011
2.5-3.5
4.7
Q2:11 +0.8
3.3
Australia-RBA/Px Inflat.
Reserve Bank of Australia
Cash rate 4.75
increased
Nov. 2010
2-3
3.6
Q1:11 -1.2
5.1
United Kingdom - BOE
Bank of England/Px Inflat.
Repo rate 0.50
decreased
Mar. 2009
2.0
4.4
Q2:11 +0.8
7.9
EuroZone-ECB/Px Inflat.
European Central Bank
Refin. rate 1.50
increased
July 2011
2.0
2.5
Q1:11 +2.5
EU-17 9.9
EU-27 9.5
... representing about 75% of global GDP

... and the BRICs ...
Country & Central Bank
Objective
Central Bank
Interest Rate
%
Last
Change
Date
Inflation
Target
%
Inflation
Actual
%
GDP
Annualized
%
Un-
employment
%
Brazil-CBoB/Price Inflat.
Central Bank of Brazil
Selic rate 12.25
increased
June 2011
4.50
6.9
Q1:11 +4.1
6.0
Russia-CBRF/Price Inflat.
Central Bank
of Russian Federation
Refin. rate 8.25
increased
May 2011
fixed yearend
9.4
Q1:11 +4.1
6.5
India-RBI/Price Stability
Reserve Bank of India
Repo rate 8.00
increased
July 2011
3-5
8.6
Q1:11 +7.8
9.4
China-PboC / Px Stability
People's Bank of China
One-year
lending
rate 6.56
increased
July 2011
no set target
6.5
Q2:11 +9.5
4.1-urban
9.4-incl.migr.
... challenging the majors

Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable.    However, such information has not been verified by us, and we do not make any representation as to its accuracy or completeness.    Any statement nonfactual in nature constitute only current opinions, which are subject to change.    Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation of an offer to buy any securities or commodities mentioned herein.
It is a violation of Copyright Law to reproduce, or to distribute, all or part of this publication, or its contents, by any means.

 

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