By CentralBankNews.info
The central banks of Serbia and Pakistan cut their rates last week as the fall in global commodity prices from waning demand is leading to disinflation.
The drop in commodity prices picked up speed in October with the International Monetary Fund’s (IMF) index down a sharp 6.42 percent, continuing the decline seen since June.
Nevertheless, the central banks of Ghana and Ukraine raised their rates last week in response to the continued decline in their currencies that is leading to accelerating inflation.
- Armenia holds rate, sees inflation in target range in 2015
- Ukraine central bank raises key rate to highest since 2001
- Ghana raises rate another 200 bps due to rising inflation
- Korea holds rate, demand fluctuates, sentiment sluggish
- Indonesia holds rate, notes rising inflation expectations
- Serbia cuts rate 50 bps, sees inflation below target range
- Peru maintains rate, repeats will ease further if necessary
- Pakistan cuts rate 50 bps on improved inflation outlook
COUNTRY | MSCI | NEW RATE | OLD RATE | 1 YEAR AGO |
ARMENIA | 6.75% | 6.75% | 8.00% | |
GHANA | 21.00% | 19.00% | 16.00% | |
UKRAINE | FM | 14.00% | 12.50% | 6.50% |
SERBIA | FM | 8.00% | 8.50% | 10.00% |
INDONESIA | EM | 7.50% | 7.50% | 7.50% |
SOUTH KOREA | EM | 2.00% | 2.00% | 2.50% |
PERU | EM | 3.50% | 3.50% | 4.00% |
PAKISTAN | FM | 9.50% | 10.00% | 10.00% |
COUNTRY | MSCI | DATE | CURRENT RATE | 1 YEAR AGO |
CHILE | EM | 18-Nov | 3.00% | 4.50% |
JAPAN | DM | 19-Nov | N/A | N/A |
GEORGIA | 19-Nov | 4.00% | 3.75% | |
SOUTH AFRICA | EM | 20-Nov | 5.75% | 5.00% |
TURKEY | EM | 20-Nov | 8.25% | 4.50% |
ZAMBIA | 21-Nov | 12.00% | 9.75% |