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Bank Indonesia keeps policy rate on hold at 4 pct, likely to continue with policy accommodation

Oct 13, 2020 14:19 pm UTC| Commentary Central Banks

Bank Indonesia kept its key policy rate on hold at 4 percent today for the third consecutive meeting. While the IDR has regained some ground in the past week or so, the currency continues to be the regions weakest...

FxWirePro: RBA MPS Preview & AUD Trades

Oct 05, 2020 10:37 am UTC| Research & Analysis Central Banks Insights & Views

The Reserve Bank of Australia (RBA) is scheduled for its monetary policy to take their interest rate decision tomorrow morning. It is expected that it will keep its key rate on hold at 0.25%. What will be interesting will...

FxWirePro: Can RBA’s Dovish Rhetoric Stimulates Aussie Dollar? OTC Updates & Options Strategy Ahead of MPS

Oct 05, 2020 06:15 am UTC| Research & Analysis Central Banks Insights & Views

Thin trade given local holidays. AUDUSD seems to be resilient to equity wobbles so 0.7130 levels should continue to hold, modest upside bias. The medium-term perspectives: The northern summers risk rally and USD rout...

Central Banking Series

Federal Reserve hopes years of zero rates will spur inflation – but there are risks

Sep 20, 2020 06:01 am UTC| Economy Central Banks

In a healthy economy, prices tend to go up a process called inflation. While you might not like that as a consumer, moderate price growth is a sign of a growing economy. And, historically at least, wages tend to go up...

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...

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Economy

Mercedes-Benz to increase stake in Aston Martin up to 20%

Mercedes-Benz will increase its stake in British carmaker Aston Martin years from 2.6 percent to as much as 20 percent over the next three, in exchange for technologies and components of its hybrid and electric...

Spain to increase taxes on big firms, use $31.8 billion in European grants

The Spanish government will increase taxes on big corporations and the wealthy and use $31.8 billion in European grants in efforts to reverse its economic slump. There were talks on using all $164 billion that the EU...

S. Korea eyes nuclear power plants in UK, as two countries agree to cooperate after Brexit

Industry Minister Sung Yun-mo expressed hope for South Korea to participate in construction projects for British nuclear power plants in his meeting with Alok Sharma, UKs secretary of state for business, energy, and...

Financial support for Jeju Air to be discussed

South Koreas Key Industry Stabilization Fund is slated to hold a meeting to discuss whether to provide financial support to Jeju Air, the countrys top low-cost carrier. The Export-Import Bank of Korea, Jeju Airs main...

S. Korea to invest 10 trillion won into smart city project, create 150,000 jobs by 2025

The South Korean government will invest 10 trillion won into a smart city project and create more than 150,000 jobs by 2025, as the country aims to become a global leader in the New Deal initiative. According to...

Politics

Joe Biden will form task force to reunite 545 children separated from families at southern border, says campaign

Joe Biden maintains a sizable lead against Donald Trump in the polls and the Democratic candidate is making the most out of the final days of the campaign. The Biden campaign recently announced that the former vice...

Barack Obama blasts Donald Trump for complaining about media coverage

Former President Barack Obama is currently on the campaign trail for his former colleague Joe Biden who is running for the presidency against Donald Trump. Having been among the more outspoken critics of Trump, Obamas...

Melania Trump revelation: Ex-boyfriend says FLOTUS has always been very beautiful and fashionable

First lady Melania Trumps life before meeting her would-be husband Donald Trump is much of a mystery even with the several books about the first lady. In an unearthed interview in 2016, The first ladys ex-boyfriend shared...

Donald Trump revelation: Jared Kushner reveals how POTUS prioritized political goals over science in new recordings

Some recorded conversations by journalist Bob Woodward with Donald Trump have been released to the public revealing his deliberate choice to downplay the COVID-19 pandemic. Now, newly released recordings reveal Trumps...

Science

NASA discovery: Molecule found on Titan's atmosphere may be building block of life on icy moon

One of the goals space agencies like NASA have is to search the universe for proof of life existing outside our planet. The agency recently made a discovery found in one of Saturns moons, Titan, which suggests that there...

Asteroid warning: New study finds asteroid Apophis may hit Earth in 2068

Space agencies such as NASA are closely keeping tabs on what happens outside of Earth such as asteroids that could be making their way towards our planet. A new study has found that one particular asteroid, Apophis, can...

NASA news: Russia claims to have discovered water on the Moon 50 years before US agency

This week, NASA announced the presence of water on the Moon, becoming a big breakthrough for future exploration. However, Russia has claimed that it had already found the presence of water on the lunar surface decades...

Mars mission breakthrough: NASA receives design for nuclear-powered engine to speed space travel

As far as we know, interplanetary travel could take up to years, with the journey to Mars alone taking almost a year to make. As NASA prepares for its upcoming Mars and Moon missions, the agency has received a promising...

Technology

‘Far Cry 6’ is delayed and won’t be released before April 2021

The list of AAA video games that have been delayed is getting longer as Ubisoft adds Far Cry 6 to it. Now, its new release date will not take place anytime before April 2021. Far Cry 6 release date suffers delay;...

AirPods 3 could adopt AirPods Pro design with a new chip in 2021

A recent report has claimed that Apple is already working on updating its line of true wireless earbuds in time for a 2021 launch. The third-generation entry-level AirPods, or simply dubbed as AirPods 3, is also...

PlayStation 5’s list of launch titles loses ‘Destruction AllStars’

The PlayStation 5 lineup of launch titles recently lost one game as Sony announced the delay of the multiplayer Destruction AllStars to next year. On the bright side, Sony is making up for the timeline changes by...

‘The Sims 4: Snowy Escape’ new world Mt. Komorebi features 4 unique locations

One of the highlights in every expansion pack has to be the new world it introduces, and it is especially true for The Sims 4: Snowy Escape. Its Japanese-inspire Mt. Komorebi brings in four different towns that each...
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