Central Banking Series

Quantitative easing now looks permanent – and has turned central banks into pseudo governments

Jan 24, 2020 05:38 am UTC| Insights & Views Economy Central Banks

After a pause of a few months, the worlds leading central banks are printing money again to try to bolster their economies. Commonly known as quantitative easing or QE, the European Central Bank (ECB) resumed its programme...

Norges Bank keeps interest rate unchanged, likely to remain on hold in coming period

Jan 23, 2020 14:40 pm UTC| Commentary Central Banks

Norwegian central bank kept the interest rate on hold today and repeated its view that rates will remain the same in the period ahead. No new rate path was presented, only a statement with Norges Banks assessment of...

FxWirePro: Sterling Continues To Gain Against Euro Ahead of ECB And BoE- Bid 3m EUR/GBP IV Skews And Deploy 3-Way Straddle

Jan 23, 2020 12:06 pm UTC| Research & Analysis Central Banks

The Pound remains on the front foot, after a much stronger-than-expected confidence pickup in yesterdays CBI survey. Attention will now turn to tomorrows PMI data which may prove pivotal in regards to Januarys BoE rate...

Bank Indonesia keeps key interest rate on hold at 5 pct

Jan 23, 2020 12:01 pm UTC| Commentary Central Banks

Bank Indonesia kept its 7-day reverse repo rate on hold today 5 percent, as was anticipated. This is the third consecutive month that the central bank has kept the rate on hold, following a 25 basis points cut each in its...

BNM likely to ease monetary policy again this year, says Capital Economics

Jan 23, 2020 09:30 am UTC| Commentary Central Banks Economy

Bank Negara Malaysia (BNM) is expected to ease monetary policy again later this year, after having already cut its policy rate from 3.00 percent to 2.75 percent, and with growth set to slow further over the next couple of...

Digital Currency Revolution

Hong Kong Monetary Authority And Bank of Thailand Initiate Pilot On Central Bank Digital Currency

Jan 23, 2020 09:08 am UTC| Research & Analysis Central Banks Digital Currency

Hong Kong and Thailand have begun to pilot a joint central bank digital currency (CBDC) for cross-border payments. They would most likely ensure flawless and seamless cross border payments processing with the...

FxWirePro: Spotlight on SNB Monetary Policy And Restructure Bullish CHF/JPY Option

Jan 23, 2020 08:33 am UTC| Research & Analysis Central Banks

The directional decoupling of CHF and JPY in recent weeks is as stark as it is unusual (refer above chart). In this write-up, we run you through on restructure a bullish CHFJPY option, stay long CHF in cash vs USD, added...