This week in monetary policy: Australia, India, Poland, Sri Lanka and Peru
This week - April 5 through April 11 - central banks from 5 countries or jurisdictions are scheduled to decide on monetary policy: Australia, India, Poland, Sri Lanka and Peru.
Following table includes the name of the country, the date of the next policy decision, the current policy rate, the local time a policy decision is announced, 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 be accessed by clicking on This Week.
Georgia raises rate, sees no need for more 2021 hikes
Georgia s central bank raised its benchmark interest rate for the first time in 15 months after cutting it three times last year, and while it raised its forecast for inflation it also said at this stage there was no apparent need for additional rate hikes during the rest of this year.
The National Bank of Georgia (NBG) raised its refinancing rate by 50 basis points to 8.50 percent, unwinding half of last year s 100-point easing to cushion the economy from the impact of the COVID-19 pandemic.
Georgia becomes the 8th central bank to raise its policy interest rate this year to curb growing inflationary pressures.