- The Central Bank of Brazil lowered its Selic rate in April 0.25 percent to an all-time low of 12.5 percent. The reduction was the 15th since August 2005 when the rate stood at 19.75 percent.
- The Central Bank of Taiwan raised its discount rate 0.125 percent in March to 2.875 percent. The CBT has not implemented a rate decline in more than four years.
- The Bank of Thailand dropped its one-day repurchase rate 50 basis points to 4.0 percent in April. The rate drop is the third in 2007, which followed more than four years of rate increases.
- The Bank of Israel dropped its short-term lending rate 0.25 percent in April to 3.75 percent, continuing its tightening policy. Since October 2006, when the rate stood at 5.5 percent, Israel has dropped its rate every month except one.
- The National Bank of Poland increased its 28-day intervention rate 0.25 percent in April to 4.25 percent, ending a long period of rate neutrality. The last rate change in Poland was February 2006, when the rate fell 25 basis points to 4.0 percent.
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