BoK in no rush to cut policy rate next Thursday, leave door open for future rate cuts: Scotiabank

Feb 17, 2020 06:51 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) does not seem to be in any rush to cut its policy rate next Thursday (27 February) but will leave the door open for future rate reductions, according to the latest research report from...

FxWirePro: Mexican Peso Likely To Be Vulnerable On Baxico’s Monetary Policy Cycle – Bid 3M Skews And Hedge USD/MXN Upside Risks

Feb 13, 2020 13:02 pm UTC| Research & Analysis Central Banks

At its meeting today, the Mexican central bank (Banxico) is likely to cut its key interest rate again by 25 bp. There is hardly any doubt about that. Inflation stayed around target in the past months and the economy has...

FxWirePro: Directional Hedging Strategy of Sterling On Post-Brexit Risks

Feb 13, 2020 12:27 pm UTC| Research & Analysis Central Banks

Fed Chair Powell earlier this week said policymakers are closely monitoring risks to the US economy, in particular, how persistent any effects might be. For the time being, there appears no inclination to change policy...

Riksbank keeps repo rate on hold at 0.00 pct, likely to remain unchanged until Q2 2022

Feb 12, 2020 12:03 pm UTC| Commentary Central Banks

The Swedish central bank, Riksbank, kept the repo rate on hold today at 0.00 percent and hinted at an unchanged repo rate until the second quarter of 2022. The central bank did not give any news regarding its purchases of...

Weak UK growth unlikely to translate into BoE rate cut, says ING Economics

Feb 12, 2020 09:08 am UTC| Commentary Economy Central Banks

The UK economy failed to grow in the fourth quarter, but this is old news for markets. Optimism has increased among businesses, and while this may not fully translate into faster growth, we think it would take a more...

Digital Currency Revolution

Bitcoin Bounce-Back Above $10k And Extends Bullish Streaks On Fed Chief Powell’s Stances Of CBDC

Feb 12, 2020 07:00 am UTC| Digital Currency Technicals Central Banks

Federal Reserve Chief Powell acknowledged the essentiality for the privacy, and crypto transactions through native digital currency, that in turn stimulates the bullish sentiments among the cryptocurrency industry. On...

FxWirePro: A Quick Run Through On CBR Rate Cuts, Guidance And USD/RUB Delta-Hedges

Feb 11, 2020 13:39 pm UTC| Research & Analysis Central Banks

CBR cut its key rate by 25bps to 6% at Fridays as we had expected. But contrary to previous months, when the central bank had begun to communicate that further rate cuts may not follow, this month the central bank sounded...