Monetary Policy Week In Review - 2 June 2012Callum Thomasupdated Jun 01, 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 interest rate decisions announced by 8 central banks around the world. Those that altered interest rates were: Brazil, cutting 50 basis points to a low of 8.50%; Denmark, trimming a further -15bps to 0.45%; and Uganda dropping -100bps to 20.00%. Meanwhile the central banks that held interest rates unchanged were: Hungary 7.00%, Turkey 5.75%, Zambia 9.00%, Colombia 5.25%, and Israel 2.50%. Elsewhere in monetary policy, the Central Bank of Egypt cut its RRR -200bps to 10 percent.Looking at the central bank calendar, the week ahead is set to be a big one in terms of monetary policy meetings. However the RBA is expected to hold fire at 3.75% this time, likewise the BOC is expected to hold at 1.00%, and the ECB and BoE are expected to hold at 1.00% and 0.50% respectively; and keep their asset purchase programs unchanged. Of course this does not preclude them from taking action, as the economic and geopolitical backdrop arguably warrants action. Outside of the main central banks, the National Bank of Poland, Central Reserve Bank of Peru, and Banco de Mexico also meet to review monetary policy settings.Jun-05AUDAustraliaReserve Bank of AustraliaJun-05CADCanadaBank of CanadaJun-06PLNPolandNational Bank of PolandJun-06EUREurozoneEuropean Central BankJun-07GBPUnited KingdomBank of EnglandJun-07PENPeruCentral Reserve Bank of PeruJun-08MXNMexicoBanco de Mexico Source: Article source: http://www.centralbanknews.info/2012/06/monetary-policy-week-in-review-2-june.htmlEditorial 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.