Monetary Policy Week in Review – 16 July 2011: Focusing on Downside Risks (Guest Post)

By Central Bank News The past week in monetary policy was dominated by Asian central banks, with the central banks of Japan, Indonesia, Thailand, and South Korea all announcing interest rate decisions. The only banks to adjust interest rates were Thailand +25bps to 3.25%, and Kenya, which dropped its discount window rate -175bps to 6.25%.  Meanwhile those that held interest…