Bank Indonesia keeps key interest rate on hold at 6 pct

Dec 20, 2018 11:42 am UTC| Commentary Central Banks

Indonesian central bank kept its interest rate on hold today. The 7-day reverse repo rate was kept unchanged at 6 percent, as anticipated. The recent consolidation in USD/IDR provides scope for BI to hold fire after its...

BOE monetary policy preview

Dec 20, 2018 11:14 am UTC| Commentary Central Banks

The pound has been struggling amid domestic political trouble, toning down of hawkish rhetoric from Bank of England (BoE), a materially strong dollar, uncertainties surrounding the Brexit transition deal between the...

CBC likely to stay pat in 2019, Taiwanese government bond yield likely to remain in range of 0.8-1.0 pct: ANZ Research

Dec 20, 2018 09:03 am UTC| Commentary Economy Central Banks

The Central Bank of the Republic of China (Taiwan) (CBC) is expected to stay pat during the course of next year, keeping the policy rate unchanged at 1.375 percent, according to the latest report from ANZ Research. At...

FxWirePro: USDJPY OTC indications for mounting bearish risks on Fed and BoJ – Deploy debit put spreads to arrest buzzing bears

Dec 20, 2018 09:02 am UTC| Research & Analysis Central Banks

The US Federal Reserve delivered another quarter-point increase in interest rates at its December meeting, an outcome that was widely expected. Moreover, the Fed continued to signal that further hikes were warranted,...

FxWirePro: G10 FX OTC market perceives FOMC’s dovish hike by bidding for USD’s bearish risks – Square-off spot long and short hedge

Dec 20, 2018 08:19 am UTC| Research & Analysis Central Banks

Market participants have been on the edge leading into the last policy meeting of the US FOMC, with the VIX spiking to over 25 this week (first time since early February 2018). In the event, the Fed sounded only marginally...

FOMC Monetary Policy December 2018: Assessing future bias from statement and projection materials

Dec 20, 2018 06:40 am UTC| Commentary Central Banks

As expected, the policymakers at FOMC hiked interest rates by 25 basis points at yesterdays meeting. Current Federal funds rate target 225-250 basis points. Lets first assess the bias in monetary policy statement...

U.S. Fed hikes federal funds rate to 2.5 pct, likely to hike twice in 2019

Dec 19, 2018 20:20 pm UTC| Commentary Central Banks

As was anticipated widely, the U.S. Federal Open Market Committee decided to hike the target rate for the federal funds rate by 0.25 percentage points to 2.5 percent. This is the ninth quarter-point rise since the end of...