May 18, 2020
This week – May 17 through May 23 – central banks from 9 countries or jurisdictions are scheduled to decide on monetary policy: Jamaica, Indonesia, China, Thailand, Iceland, Zambia, Turkey, South Africa and Paraguay.
Originally the central banks of Sri Lanka and the Philippines also were scheduled to hold monetary policy meetings this week.
But on May 6, when Sri Lanka’s monetary board meeting at a special meeting cut its key rate by 50 basis points, it also said there would not be a policy meeting as scheduled on May 21. Instead changes to monetary policy would be made when required.
On April 16, the central bank of the Philippines, Bangko Sentral ng Pilipas, cut its policy rate by 50 basis points at what is said was an “off-cycle rate cut” by its monetary board, and said this decision substituted for the scheduled policy meeting on May 21.
Following table includes the name of the country, the date of the next policy decision, the current policy rate, the result of the last policy decision, the change in the policy rate year to date, and the rate one year ago.
The table is updated when the latest decisions are announced and can always accessed by clicking on This Week.
| WEEK 21 | ||||||
| MAY 17 – MAY 23, 2020: | ||||||
| JAMAICA | 18-May | 0.50% | 0 | 0 | 0.75% | |
| INDONESIA | 19-May | 4.50% | 0 | -50 | 6.00% | EM |
| CHINA | 20-May | 3.85% | -20 | -30 | 4.35% | EM |
| THAILAND | 20-May | 0.75% | 0 | -50 | 1.75% | EM |
| ICELAND | 20-May | 1.75% | -50 | -125 | 4.00% | |
| ZAMBIA | 20-May | 11.50% | 0 | 0 | 10.25% | |
| TURKEY | 21-May | 8.75% | -100 | -325 | 24.00% | EM |
| SOUTH AFRICA | 21-May | 4.25% | -100 | -225 | 6.75% | EM |
| PARAGUAY | 21-May | 1.25% | -100 | -275 | 4.75% | |
