BSP keeps key interest rate unchanged at 4 pct, likely to cut by 50 bps in 2020

Dec 12, 2019 13:45 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, kept its Overnight Repurchase Rate on hold at 4 percent. BSP continues to be positive on domestic growth prospects. They expect sustained fiscal spending and favourable liquidity...

FxWirePro: Deploy USD/TRY Diagonal Debit Call Spreads on Turkish Rate Cuts

Dec 12, 2019 13:06 pm UTC| Research & Analysis Central Banks

The Turkish central bank (CBT) will hold its monetary policy meeting today: we expect the repo rate to be lowered by 150bps (from 14% to 12.5%), which is now also the median consensus forecast. This will bring the...

FxWirePro: ECB monetary policy preview and EUR/JPY OTC bids and options strategy

Dec 12, 2019 10:10 am UTC| Research & Analysis Central Banks

Euro crosses are struggling ahead of the main event which is the ECB policy announcement at 12:45GMT and Christine Lagardes maiden press conference from 13:30GMT. EURJPY has been gaining from the last 3-4 days, the pair...

FxWirePro: Spotlight on Brazilian lira and macros ahead of BCB monetary policy

Dec 11, 2019 15:30 pm UTC| Research & Analysis Central Banks

At its last monetary policy meeting this year, the Brazilian central bank should cut its key interest rate by a further 50 bp to 4.5%. This was announced quite clearly in the statement of its last meeting at the end of...

Blockchain Revolution Series: Bank of China Pilots Blockchain-Based Bond Issuance, PBoC Eyes on Cryptocurrency and Fintech Projects

Dec 11, 2019 12:17 pm UTC| Research & Analysis Digital Currency Insights & Views Central Banks

Quite a few analysts rumoured that the Chinese government is planning to accumulate Bitcoin, and others expecting a wave of new investment into Chinese blockchain companies. The blockchain technology deployment in China...

Central Banking Series

Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

Dec 11, 2019 03:57 am UTC| Insights & Views Central Banks Economy

Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters. One of his legacies, as you may have read in the many obituaries published since his death, is taming the runaway...

FxWirePro: Intricacies of JPY on Monetary and Fiscal Terms – USD/JPY Trades Perspectives

Dec 10, 2019 12:20 pm UTC| Research & Analysis Central Banks

The announcement of a comprehensive fiscal package on the part of the Japanese government left the JPY exchange rates reasonably unimpressed last week. That is likely to be due to the fact that there is significant doubt...