FxWirePro: Take a look on relative values in Sterling and Swedish Krona
Jun 29, 2020 15:52 pm UTC| Research & Analysis Central Banks
GBP is one of the currencies most vulnerable to COVID -19, not only because the damage to public finances is larger than most other countries (a 2020 fiscal deficit of 16% of GDP). This reliance on inflows renders GBP more...
Jun 29, 2020 08:32 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views
Amid the widening of outbreak of Covid-19, various central banks across the globe seem to be inclined for the digital currency system. Day by day the total number of confirmed cases and reported casualties of the deadly...
FxWirePro: CBT Stuns Markets, Turkish Lira Drifts In Sideways – Uphold Call Spread To Hedge USD/TRY
Jun 26, 2020 13:38 pm UTC| Research & Analysis Central Banks Insights & Views
The Central Bank of Turkey (CBT) maintained status quo during its June meeting, kept benchmark one-week repo at 8.25 percent surprising markets that had forecast of a 25 bps rate cut, saying that pandemic-related rise in...
Philippine central bank surprisingly lowers interest rate by 50 bps, unlikely to cut again in August
Jun 25, 2020 11:47 am UTC| Commentary Central Banks
Philippine central bank unexpectedly lowered its overnight reverse repurchase rate today by 50 basis points to 2.25 percent. The BSP policy rate is now at a historic low. Governor Benjamin Djokno noted that low interest...
FxWirePro: Deploy Directional Structures For USD/BRL On Hopes Of Further BCB Cuts
Jun 24, 2020 14:33 pm UTC| Research & Analysis Central Banks Insights & Views
Last week, the Brazilian central bank cut its key interest rate by 75 bps to 2.25%. Remarkably, it left the door open for another small cut in its accompanying statement. And this despite the fact that in May there was...
Bank of Thailand keeps interest rate on hold at 0.50 pct, lowers 2020 growth forecast to -8.1 pct
Jun 24, 2020 13:20 pm UTC| Commentary Central Banks
The Bank of Thailand maintained its key policy rate at 0.50 percent during its meeting today. The decision to keep the interest rate on hold was unanimous. Meanwhile, the central bank revised its 2020 growth projections to...
BoE extends asset purchase program by further GDP 100 billion
Jun 18, 2020 15:24 pm UTC| Commentary Central Banks
The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
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Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight