Fed’s monetary policy decision likely to weigh on DXY Index amid global reflation policies

Mar 22, 2019 03:27 am UTC| Commentary Economy Central Banks

The Federal Reserves monetary policy decision is expected to weigh on the DXY Index and prop up EM Asian currencies amid global reflation policies, particularly if the US and China agree to a trade deal in April, according...

Bank of England keeps Bank Rate and stock of bond purchases unchanged

Mar 21, 2019 17:45 pm UTC| Commentary Central Banks

The Bank of England kept the Bank Rate and the stock of bond purchases unchanged today. The decision was unanimous. According to BoE, data have been mixed since the prior meeting; however, they have been consistent with...

Norges Bank hikes interest rate by 25 bps, likely to hike again in June and December

Mar 21, 2019 13:54 pm UTC| Commentary Central Banks

Norges Bank hiked its policy rate by 25 basis points to 1 percent from 0.75 percent today, as was widely expected. The rate path was adjusted upwards, as domestic factors, including the oil price and NOK, more than...

Bank Indonesia keeps key interest rate unchanged, likely to adopt wait-and-see stance

Mar 21, 2019 12:09 pm UTC| Commentary Central Banks

Bank Indonesia has maintained its 7-day reverse repo rate at 6 percent, as was widely anticipated. Todays decision is the fourth straight meeting that BI has kept its interest rate on hold. The central bank also continues...

Philippine central bank keeps overnight RRP on hold at 4.75 pct, likely to be cut by 75 bps by end-2019

Mar 21, 2019 11:36 am UTC| Commentary Central Banks

The Philippine central bank kept its overnight RRP on hold at 4.75 percent, as was expected. Prevailing monetary settings were characterised as appropriate. The BSP has further lowered its inflation forecast for 2019. The...

BOE monetary policy preview

Mar 21, 2019 10:57 am UTC| Commentary Central Banks

The pound has been struggling amid domestic political trouble, toning down of hawkish rhetoric from Bank of England (BoE), uncertainties surrounding the Brexit agreement between the European Union and the United Kingdom....

FxWirePro: SNB unlikely to hint policy reversal at today’s meeting

Mar 21, 2019 04:53 am UTC| Commentary Central Banks

Swiss National Bank (SNB) will announce interest rate decision at 8:30 GMT today and it is highly likely that the central bank would not follow actions of its other developed market counterparts such as the Federal...