Philippine central bank keeps overnight RRP on hold at 4.75 pct, likely to be cut by 75 bps by end-2019

Mar 21, 2019 11:36 am UTC| Commentary Central Banks

The Philippine central bank kept its overnight RRP on hold at 4.75 percent, as was expected. Prevailing monetary settings were characterised as appropriate. The BSP has further lowered its inflation forecast for 2019. The...

BOE monetary policy preview

Mar 21, 2019 10:57 am UTC| Commentary Central Banks

The pound has been struggling amid domestic political trouble, toning down of hawkish rhetoric from Bank of England (BoE), uncertainties surrounding the Brexit agreement between the European Union and the United Kingdom....

FxWirePro: SNB unlikely to hint policy reversal at today’s meeting

Mar 21, 2019 04:53 am UTC| Commentary Central Banks

Swiss National Bank (SNB) will announce interest rate decision at 8:30 GMT today and it is highly likely that the central bank would not follow actions of its other developed market counterparts such as the Federal...

FOMC Monetary Policy March 2019: Assessing future bias from statement and projection materials

Mar 21, 2019 04:29 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC kept the interest rate unchanged at yesterdays meeting. Current Federal funds rate target 225-250 basis points. Lets first assess the bias in monetary policy statement...

FxWirePro: The Day Ahead- 21st March 2019

Mar 21, 2019 03:53 am UTC| Commentary Central Banks

Lots of economic data and events scheduled for today, and some with high volatility risks associated. Data released so far: Australia: Unemployment rate declined to 8-year low to 4.9 percent, largely due to a drop...

FxWirePro: Hedging alternatives of USD/INR apart from RBI’s swap contracts ahead of Fed, liquidity-infusion to reduce hedging costs

Mar 20, 2019 13:54 pm UTC| Research & Analysis Central Banks

The US Fed meeting tonight is the todays key focus and the broad USD is holding support levels as are US yields as we head into the event even though the interest rates would likely be left unchanged for the second...

FxWirePro: What to watch in FOMC meet ahead?

Mar 20, 2019 13:13 pm UTC| Commentary Central Banks

The U.S. Federal Reserve is in a neutral mode, as Fed chair Powell has recently signaled the possibility of longer rate pause going ahead. Since December 2015, the U.S. Federal Reserve has hiked rates eight times. It has...