FxWirePro: Zero-cost risk reversals and PBoC’s Ccy swap agreements to hedge CNH
Jun 06, 2018 15:07 pm UTC| Research & Analysis Central Banks Insights & Views
EURCNH is the EUR-cross gift that keeps on giving. We have liked the cross from the short side all year on grounds that its policy-driven nature can help reliably milk the sizeable forward point carry on offer; its...
SARB accomplishes pilot project on JP Morgan’s Ethereum-based Blockchain
Jun 06, 2018 14:18 pm UTC| Research & Analysis Central Banks Fintech Insights & Views
Lets refresh our memories on a few critics, a few months ago JP Morgan chief, Mr. Jammie Dimon, has long been an ardent critic of bitcoin. In an interview with Fox Business, Mr. Dimon said that he trusts blockchain as a...
Reserve Bank of India hikes policy rate by 25 bps to 6.25 pct
Jun 06, 2018 13:10 pm UTC| Commentary Central Banks
The Reserve Bank of Indian unanimously hiked its key policy repo rate by 25 basis points today to 6.25 percent. The hike was consistent with expectations. The central bank referred to three developments during its decision...
FxWirePro: Uphold short hedges as RBA maintains status quo
Jun 06, 2018 09:56 am UTC| Research & Analysis Central Banks Insights & Views
The Australian central bank (Reserve Bank of Australia, RBA) left its key cash rate unchanged in yesterdays monetary policy as widely anticipated. The statement is just as boring to read as the decision, as its view has...
IMF reckons “cryptoassets can strike a chord in demand/supply equation for central banks’ currency”
Jun 05, 2018 14:31 pm UTC| Research & Analysis Digital Currency Central Banks Insights & Views Commentary
It is universal fact that we witnessed global financial crunch during 2008-09, the recession struck all most all major markets (and especially, Bond/treasury markets). Thats when the discovery of Bitcoin has caused many to...
RBA monetary policy: Assessing future bias
Jun 05, 2018 11:42 am UTC| Commentary Central Banks
Reserve Bank of Australia (RBA) chose to keep the interest rate unchanged at 1.5 percent. Lets look at the details of policy announcement to assess the bias of RBA. Key highlights RBA notes The global economy...
Jun 04, 2018 12:42 pm UTC| Research & Analysis Central Banks
The Turkish lira continued to suffer volatile swings last week. There was brief relief when global risk recovered somewhat following positive developments in Italy; CBT resumed its normal repo auction on Friday (at the...