Monetary Policy Week In Review - 6 May 2012Callum Thomasupdated May 05, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.The past week in monetary policy saw two central banks altering official interest rates; the Reserve Bank of Australia cut its base rate 50 basis points to 3.75%, while the National Bank of Rwanda hiked rates by 50bps to 7.50%. Those central banks that held interest rates unchanged were: Colombia 5.25%, the EU 1.00%, Thailand 3.00%, Uganda 21.00%, Kenya 18.00%, Egypt 9.25%, Romania 5.25% and the Czech Republic at 0.75%. Elsewhere Peru's central bank announced alterations to its required reserves, Jordan's central bank reduced bank loan rates and the People's Bank of China stepped up liquidity operations; prompting some to expect imminent RRR cuts.Looking at the central bank calendar, the week ahead sees the Bank of England announcing reviews of interest rate and asset purchase program settings - the market will be watching and hoping for any further quantitative easing. Other central banks meeting this week include the National Bank of Poland, the Norges Bank (Norway), Bank Indonesia, and the Central Reserve Bank of Peru.May-09PLNPolandNational Bank of PolandMay-10GBPUnited KingdomBank of EnglandMay-10NOKNorwayNorges BankMay-10IDRIndonesiaBank IndonesiaMay-10PENPeruCentral Reserve Bank of Peru Source: Article source: http://www.centralbanknews.info/2012/05/monetary-policy-week-in-review-6-may.htmlIMPORTANT NOTICE: The Central Bank News website is presently for sale, if you are interested please click through for more details.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.