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...
FxWirePro: USD/RUB Drivers, Projections & Trade Updates
Aug 12, 2020 13:52 pm UTC| Research & Analysis Central Banks Insights & Views
The Russian rouble had weakened earlier in the spring, driven jointly by a collapse of the oil price and collapse of world economic activity. But when both these factors stabilised, the currency was able to rally...
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