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Central Banks

Wed, Sep 23, 2020 10:08 AM All times are UTC Edition :

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Central Banking Series

Federal Reserve hopes years of zero rates will spur inflation – but there are risks

Sep 20, 2020 06:01 am UTC| Economy Central Banks

In a healthy economy, prices tend to go up a process called inflation. While you might not like that as a consumer, moderate price growth is a sign of a growing economy. And, historically at least, wages tend to go up...

BNM keeps overnight policy rate on hold, likely to refrain from further cuts in 2020

Sep 10, 2020 11:45 am UTC| Commentary Central Banks

Malaysian central bank kept the overnight policy rate on hold at 1.75 percent today, consistent with expectations. Bank Negara Malaysia was decisively more optimistic in its statement regarding the economic growth. The...

Norges Bank keeps interest rate on hold

Aug 20, 2020 15:45 pm UTC| Commentary Central Banks

Norges Bank stood pat today, as expected. A new rate path was not presented today and therefore all eyes were on the statement from Norges Banks Monetary Policy Committee, where they gave an assessment of the main economic...

Philippine central bank keeps interest rate on hold

Aug 20, 2020 12:33 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, kept its overnight reverse repurchase rate (RRP) on hold at 2.25 percent today, as was expected. Governor Diokno noted that the policy decision to stay put was based on the currently...

Bank Indonesia keeps key interest rate on hold at 4 pct

Aug 19, 2020 13:05 pm UTC| Commentary Central Banks

Bank Indonesia kept its key interest rate on hold today at 4 percent, as anticipated, citing a desire to maintain external stability. Todays decision reflects a desire to maintain external stability. The IDR has been the...

FxWirePro: What Drives Swiss Franc Appreciation? Uphold USD/CHF Shorts

Aug 17, 2020 08:55 am UTC| Research & Analysis Central Banks Insights & Views

USDCHF has served us well as a proxy EURUSD long. But this is far from being the only reason to hold a CHF long. The chart demonstrates EURCHF that is now nearly seven cents too low given the surge in EURUSD, an undershoot...

FxWirePro: Spotlight On Mexican Central Bank, Banxico’s Rate Cut On Cards & USD/MXN Options Trades

Aug 13, 2020 13:03 pm UTC| Research & Analysis Central Banks Insights & Views

Mexicos central bank, Banxico, is expected to cut its key interest rate for the fifth consecutive time today to support the economic recovery after the pandemic-related slump. Like the consensus, we expect a further large...

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Economy

S. Korean healthcare and cosmetics exports surge 42% in August

South Korea exported US$1.69 billion worth of pharmaceuticals, cosmetics, and medical devices in August, up 42 percent from a year ago. According to data from the Korea Health Industry Development Institute (KHIDI), the...

CaixaBank's acquisition of Bankia to create Spain's largest bank

CaixaBank will acquire state-owned Bankia in an all-share deal that would create Spains largest bank with total assets exceeding $786.6 billion. The deal will help the companies tackle dwindling profitability due to the...

Dubai’s DP World to work with Israel’s DoverTower in bid for Haifa Port

Dubai state-owned DP World is teaming up with Israels DoverTower in a joint venture that will bid in the privatization and to conduct a study on opening a direct shipping line between the two Middle East states. Haifa...

60% of pandemic-induced business closures in US become permanent

Yelp data revealed that 97,966 of the 163,735 business closures across the US due to the pandemic as of Aug, 31 wont be reopening. Permanent business closures rose 34 percent since Yelps last report in mid-July. Yelp...

S. Korea, Germany to boost energy ties towards economic recovery, climate goals

South Korea and Germany vowed via a virtual meeting to bolster cooperation in the energy sector towards the recovery of their virus-hit economies and helping each other achieve their climate goals. According to the...

Politics

Joe Biden: Former UK PM David Cameron hints former VP should beat Donald Trump

The Trump administration has withdrawn the United States from international agreements like the Paris Climate Accords, and relations between the US and its allies have also been placed under some strain as of late....

Melania Trump: FLOTUS reportedly snubs stepdaughter Ivanka Trump's aspirations to become next president

First lady Melania Trumps former friend and adviser Stephanie Winston Wolkoff claimed that there was already some tension between Melania and her stepdaughter, Ivanka Trump. Her new book also revealed that the first lady...

Donald Trump: POTUS wants U.N. to hold China accountable for COVID-19 spread

Donald Trump was among the world leaders making an address in this years United Nations General Assembly. Tensions between the US and China in many aspects, especially COVID-19, have been placed center stage, with Trump...

Donald Trump: Robert Mueller's top deputy Andrew Weissman revealed POTUS did obstruct justice

Aside from the revelations offered by journalist Bob Woodward also come big reveals from special counsel Robert Muellers deputy Andrew Weissman in his upcoming book. The book, offering a peek into the Mueller...

Joe Biden: Campaign and Democrat committees gain financial lead

Former vice president Joe Biden and his campaign initially started off trailing Donald Trump in terms of cash reserves. But over the recent months and especially following the death of Justice Ruth Bader Ginsburg, the...

Science

Aliens: Scientists present technique to detect water on exoplanets in search for life

In space exploration, scientists are also closely monitoring the cosmos for signs of alien life. A group of astronomers from the United Kingdom have proposed a method to find a certain building block of life on...

Climate change: Arctic sea ice reaches second record low

Although the world is suffering from the effects of climate change, colder regions such as Greenland and the Arctic are the worst hit. A recent report has revealed that the situation in the Arctic does not appear to do any...

NASA: Expert reveals the budget required to bring astronauts back to the Moon

With NASA currently undergoing preparations for its upcoming missions, the agency requires a lot of funding for preparations to stay on schedule. The upcoming Artemis mission is estimated to cost tens of billions of...

Asteroid to make a very close approach to Earth on Thursday

Despite being able to track thousands of asteroids passing through space, there are still some rocks that can escape detection. One such asteroid is coming to Earth this week, with astronomers predicting that it will make...

Mars mission: Scientists find "worms" inside Martian meteor

NASA is gearing up for the future Mars mission that will take place over the coming years, with the Perseverance Rover already making a headstart after launching into space many weeks ago. With the search for signs of life...

Technology

Can ‘Rainbow Six Quarantine’ be released in 2020?

The launch of Rainbow Six Quarantine was delayed even before the COVID-19 pandemic leading to the delay of its release. However, a recent supposed leak seemingly suggested that the game would be released sooner than most...

‘Call of Duty: Black Ops Cold War’ beta tests kick off in October

The full release of Call of Duty: Black Ops Cold War is just around the corner. This also means that the annual beta tests before the games launch are also set. However, video game players should note that only those with...

‘Elder Scrolls 6’ may not be an Xbox-exclusive despite Microsoft’s ZeniMax Media acquisition

Microsoft kind of broke the internet on Monday after its plans to acquire ZeniMax Media -- Bethesda Softworks parent company -- was made public. There are plenty of popular IPs under the banners of ZeniMax and Bethesda,...

How Apple Watch SE compares to the flagship Apple Watch Series 6

The main star of Apples September event this year is not the new iPhone, but the latest lineup of Apple Watch. The biggest surprise, however, was that the Apple Watch Series 6 was not the only presented at the recent...

GoPro HERO9 Black: Everything to know about the new action camera

Joining the busy fall season for the consumer tech industry is the GoPro HERO9 Black. The new action camera has been announced and the improvements in its design, specs, and features would give fans to think about whether...