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Central Banks

Mon, May 06, 2024 03:13 PM All times are UTC

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Bank Indonesia cuts key policy rate by 25 bps to 4.25 pct, likely to cut again in Q3

Jun 18, 2020 13:52 pm UTC| Commentary Central Banks

As expected, Bank Indonesia lowered its key policy rate by 25 basis points to 4.25 percent against a backdrop of a recovering IDR and soft economic outlook. The rate cut made today marked the resumption of the central...

Norges Bank maintains key interest rate at zero, new rate path suggests first hike in Q4 2022

Jun 18, 2020 12:43 pm UTC| Commentary Central Banks

Norges Bank kept its key interest rate unchanged at zero during its meeting today. The central bank considerably revised up both their view of the economy and the rate path. The new path indicates a first hike in the...

Digital Currency Revolution Series: Bank Of Canada Looks For Project Manager For CBDC

Jun 18, 2020 09:44 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views

With sovereign governments and their central banks across the globe have been exploring the essence and the opportunities ofCBDC (Central Bank Digital Currency)foreseeing a swift transformation phase in the prevailing...

Digital Currency Revolution Series: Bank Of Canada Looks For Project Manager For CBDC

Jun 18, 2020 09:44 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views

Digital Currency Revolution Series: Bank Of Canada Looks For Project Manager For CBDC

Jun 18, 2020 09:44 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views

FxWirePro: Sterling Looks Vulnerable Ahead Of BoE – Capitalize On 2m/2w GBP/USD OTC Bids & Deploy Diagonal Options Spreads

Jun 18, 2020 07:46 am UTC| Research & Analysis Central Banks Insights & Views

It is generally assumed that the Bank of England will once again raise the upper limit of its asset purchases today. Considering the speed at which it is currently purchasing assets it would have reached the existing limit...

FxWirePro: Brazilian Lira Likely To Slide Further, Preview On BCB Monetary Policy - Deploy USD/BRL Put Spread

Jun 17, 2020 14:04 pm UTC| Research & Analysis Central Banks Insights & Views

The Brazilian central bank is likely to cut its key rate by a further 75bp to 2.25% today. In May inflation stood at 1.9% and is thus below the central banks target corridor of 2.5-4.5%. That gives the central bank the...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Shiba Inu Insider Urges Focus on SHIB and BTC Amid Market Rally

In a recent wake-up call, Lucie of the Shiba Inu team urged the cryptocurrency community to closely monitor Shiba Inu (SHIB) and Bitcoin (BTC) as both tokens exhibit strong price recoveries. This comes amid growing...

Is China Opening Doors to Bitcoin ETFs? Investor's Comment Sparks Debate

Following the recent launch of Bitcoin ETFs in Hong Kong, speculation is mounting over potential access for mainland Chinese investors. Richard Byworth, a prominent Bitcoin investor, suggested that these ETFs could soon be...

Hyundai Pumps Over $900M into Self-Driving Tech, IONIQ 5 Wins Top Family SUV

In a significant move, Hyundai has invested more than $900 million into autonomous driving technologies through its startup, Motional. Concurrently, the Hyundai IONIQ 5 has been acclaimed as the Best Electric 5 Passenger...

Apple's Foldable Future: 20.3-Inch Hybrid in 2025, Foldable iPhone in 2026

Apple is reportedly intensifying its efforts to develop foldable devices. It aims to unveil a 20.3-inch hybrid by late 2025, followed by a foldable iPhone in late 2026. This move signifies a strategic shift towards...

South Korea Excludes Crypto in Donation Law Update, Charities at Risk

South Koreas recent amendments to donation laws have raised concerns as cryptocurrency remains excluded from permissible donation methods. The Ministry of Public Administrations decision, reported by local media outlet...