FxWirePro: CBT Maintains Status Quo – Activate Positions Via Forwards To Trade And Hedge Turkish Lira

Jul 23, 2020 13:35 pm UTC| Research & Analysis Central Banks Insights & Views

Todays Turkish central banks monetary policy hasnt been driving force for lira. CBT maintained status quo policy by keeping its benchmark one-week repo at 8.25 percent as widely expected, this was the unanimous expectation...

Regulatory Series on Series: US Senate Foresees Budding Technology & Digital Dollar To Play Crucial Role In Economic Competition

Jul 23, 2020 12:52 pm UTC| Research & Analysis Digital Currency Insights & Views Central Banks

On Wednesday, the U.S. Senate Committee for Banking, Housing and Urban Affairs on Economic Policy remotely conducted a hearing on the trade race between the U.S and Chinese, entitled Winning the Economic Competition,...

Digital Currency Revolution Series: Lithuania’s Central Bank Launches LBCOIN Ushering CBDC Concept

Jul 23, 2020 09:49 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views

Today, the bank of Lithuania has pioneered the digital coin issuance, this has been the digital coin issued by a central bank based on state-of-the-art IT solutions not only in the eurozone but also across the...

FxWirePro: Deploy USD/CAD Debit Call Spread To Hedge Ahead of BoC

Jul 15, 2020 13:35 pm UTC| Research & Analysis Central Banks Insights & Views

The Bank of Canadas (BoC) rate decision today is unlikely to get anyone excited. The key rate is likely to remain unchanged at 0.25%, as there is increasing evidence that for now the worst is over for Canada as far as the...

Bank Negara Malaysia cuts overnight policy rate by 25 bps, likely to further lower it later in year

Jul 07, 2020 15:08 pm UTC| Commentary Central Banks

Malaysian central bank, Bank Negara Malaysia, cut its overnight policy rate today by 25 basis points to 1.75 percent. Compared with the previous one, todays policy statement was distinctly more optimist on growth...

S. Korea posts record-high forex reserves of $410.75-B

Jul 06, 2020 11:43 am UTC| Economy Central Banks

South Koreas foreign exchange reserves reached a record high of $410.75 billion in June, having gained $3.44 billion from May due to profits and investment returns from overseas assets and a weak dollar. The June...

Resignation in protest of Ukraine's ex-central bank chief worries IMF

Jul 04, 2020 06:40 am UTC| Politics Central Banks

Yakiv Smoliys resignation in protest as Ukraines central bank chief due to systematic political pressure put at risk the countrys $5 billion economic assistance deal agreed with the International Monetary Fund (IMF) last...