The Reserve Bank of India (RBI) has lowered its key rate to 7.75% from 8%.
Last week, the central bank ended its policy of zero interest rates, lifting its key rate to 0.25%.
It was a similar story with the European Central Bank, which also left its key rate unchanged at 4.0%, as was generally anticipated.
Between March 2010 and October 2011, the RBI had increased its key rate by a staggering 3.75 percentage points to stave off inflation.
Though the bank has announced three rate cuts since then, the cost of borrowing still remains high, with the RBI's key rate currently at 7.75%.
Meanwhile, Japan has left its key rate in a 0.0%-0.1% range.
Between March 2010 and October 2011, the RBI had increased its key rate by a staggering three and three quarters percentage points to stave off inflation.
For its part, Thailand's central bank, the Bank of Thailand, cut interest rates in October last year, bringing down its key rate to 2.75% from 3%.
BBC: Thailand economic recovery picks pace in fourth quarter
"They're still showing a bias toward tightening, though that doesn't mean they will actually do it, " says O'Sullivan, who believes the key rate will remain at 5.25% through the end of the year.
The ECB last raised its key rate to 3.75% in March and Trichet's comments after the Bank's last meeting in May that "strong vigilance" was needed to keep inflation under control, were taken as a signal that rates would go up this month.
In its third-quarter credit policy review, the Reserve Bank of India left the bank rate at 6% and the key lending rate, which was cut as recently as Jan. 2, at 5.5%.
The central bank's rate-setting Federal Open Market Committee also kept its key interest rate at zero to 0.25%.
Europe is closing its interest-rate gap with the United States, but after a widely expected rise in its key interest rate on Wednesday it seems like it will take a while for any further tightening moves.
It also left its key interest rate unchanged at 8% for the second month in a row.
Earlier in the day the ECB had kept its key lending rate at 0.75%, as expected.
The European Central Bank (ECB) on Thursday raised its key interest rate by 0.25%, to 1.50%.
FORBES: Comex Gold, Silver End Higher on Bullish "Outside Market" Forces
Over the past 18 months the RBA has raised its key interest rate by 1.75 percentage points.
The Riksbank, Sweden's central bank , raised its key interest rate by a quarter point, to 3%.
Meanwhile, the European Central Bank left its key interest rate unchanged at a record low of 0.75 percent.
The ECB last cut its key interest rate, by 0.25%, on 10 May.
As expected the ECB raised its key interest rate by 0.25%, to 1.50%.
FORBES: Comex Gold, Silver Slightly Lower on Mild Profit-Taking; Fresh Fundamental News Awaited
The European Central Bank has cut its key interest rate by one half of one percentage point, in 17 months.
In December, the RBI had left the key interest rate unchanged at 8.5% amid concerns of a weakness in the economy.
BBC: India industrial output rebounds easing growth concerns
Last month, India's central bank cut its key interest rate to 7.75% from 8%, the first such move in nine months.
The European Central Bank and its new leader somewhat surprised the market place Thursday with a cut in its key interest rate.
FORBES: Comex Gold Ends Sharply Higher on ECB Rate Cut, More Safe-Haven Demand
Only recently have the inflation levels eased below 4%, prompting the Chinese central bank to cut its key lending rate in June.
FORBES: Caterpillar Feels The Pinch Of High Interest Rates In China
There is also a European Central Bank meeting taking place Thursday, in which the ECB is expected to reduce its key interest rate.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Trades Near Steady As EU Developments Awaited
The Reserve Bank of Australia lowered their key interest rate by 25 basis points to a record low of 2.75%, pressuring the Australian dollar.
FORBES: FOCUS: RBA Rate Cut Doesn't Support Gold; Other Factors Influencing
The local markets opened higher but fell immediately after the central bank reduced its key lending rate by a quarter of a percentage point.
应用推荐