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.
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% |