"CENTRAL BANK INTEREST RATE POLICIES
UNITED STATES: FOMC: The Fed cut the funds rate to a range of 0%-0.25% on December 16, 2008.
Expectation: We expect the Fed to keep the funds rate near 0% through the end of 2013.
Next meetings: June 20, July 31
JAPAN: BoJ Monetary Policy Board: The BoJ cut the overnight call rate to a range of 0%-0.1% on October 5, 2010.
Next meetings: June 15, July 12
Expectation: We expect the BoJ to keep the policy rate near 0% through the end of 2013.
EURO AREA: ECB Governing Council: The ECB cut rates by 25bp to 1% on December 8, 2011.
Next meetings: June 6, July 5
Expectation: We think a further cut by the ECB is unlikely for the time being.
UK: BoE Monetary Policy Committee: The BoE cut rates by 50bp to 0.5% on
March 5, 2009.
Next meetings: June 7. July 5
Expectation: We expect the BoE to keep the policy rate on hold through the end of 2013."
Dominic Wilson, Kamakshya Trivedi, Jose Ursua, Constantin Burgi, Stacy Carlson and George Cole at Goldman Sachs Global Economics, Commodities and Strategy Research.
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