This week in monetary policy: Israel, Paraguay, Kyrgyzstan, Hungary, Iceland, Guatemala, Fiji, South Korea plus virtual Jackson Hole
This week - August 23 through August 29 - central banks from 8 countries or jurisdictions are scheduled to decide on monetary policy: Israel, Paraguay, Kyrgyz Republic, Hungary, Iceland, Guatemala, Fiji and South Korea.
In addition to these decisions by monetary policy committees, the Federal Reserve Bank of Kansas City holds its annual Jackson Hole symposium on Aug. 27 and 28 under the theme of "Navigating the Decade Ahead: Implications for Monetary Policy."
But for the first time since its beginning in 1982, the symposium will be online and a speech by Jerome Powell, chairman of the U.S. Federal Reserve, on Aug. 27 will be live-streamed at 09:10 EST or 1:10 PM UTC
Economists are looking for Powell, whose speech is titled "Monetary Policy Framework Review," to learn if the Fed in the future be more relaxed about reaching its 2.0 percent inflation target from 2012.
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.
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 35 | ||||||
| AUG 23 - AUG 29, 2020: | ||||||
| ISRAEL | 24-Aug | 0.10% | 0 | -15 | 0.25% | DM |
| PARAGUAY | 24-Aug | 0.75% | -50 | -325 | 4.25% | |
| KYRGYZSTAN | 24-Aug | 5.00% | 0 | 75 | 4.25% | |
| HUNGARY | 25-Aug | 0.60% | -15 | -30 | 0.90% | EM |
| ICELAND | 26-Aug | 1.00% | -75 | -200 | 3.50% | |
| GUATEMALA | 26-Aug | 1.75% | -25 | -100 | 2.75% | |
| FIJI | 27-Aug | 0.25% | 0 | -25 | 0.50% | |
| SOUTH KOREA | 27-Aug | 0.50% | 0 | -75 | 1.50% | EM |