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Central Bank Decisions In January Several central banks chose to leave interest rates unchanged at the start of 2020, while a few opted for a cut. Some central banks including the Federal Reserve voiced concern over the novel coronavirus outbreak in China and its expected adverse impact on the economy. Here is a look at some of the central bank decisions of January.

China Coronavirus Scare The term public health emergency of international concern implies “a situation that is serious, unusual or unexpected; carries implications for public health beyond the affected State’s national border, and may require immediate international action”.

Bank of England Set To Keep Rates Unchanged The Bank of England is set to keep its monetary policy rates and monetary stimulus unchanged on January 30, Thursday, after economic data signaled development of positive momentum following the general election late last year and as political uncertainty linked to Brexit eased. This will also be the last rate-setting session chaired by Governor Mark Carney, who is set to leave his post mid-March for his new job at the UN.

Lagarde Unveils ECB Strategy Review European Central Bank President Christine Lagarde launched a broad review of the bank's monetary policy strategy on January 23 that will cover a host of issues ranging from the inflation target to the impact of climate change. This is the first such exercise in 17 years. The process is undertaken at a time when questions are being raised about the effectiveness of the ECB's price stability mandate. The review is expected to conclude by the end of this year.

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