Brazil central bank surprises market with deeper interest rate cut, lowers 75bps to 13 pct

Jan 12, 2017 06:42 am UTC| Commentary Central Banks Economy

The Brazil central bank (BCB) in its first monetary policy of 2017, surprised markets with a deeper interest rate cut of 75 basis points to 13 percent, hitting the lowest level since March 2015. This rate cut was higher...

Digital Currency Revolution

FxWirePro: Bitcoin tumbles over 33.4% in just two weeks, Is this a myth of panicky sell or credit actually hangs on PBoC – Unearth fact from fiction

Jan 12, 2017 06:39 am UTC| Digital Currency Central Banks Commentary

BTCUSD could not manage to establish its all-time highs, plummeted from the recent highs of 1163 to the current 758 levels in just 2 weeks. Well, bears getting traction ahead if you have to look into the volumes indicator...

National Bank of Poland stands pat, likely to keep rates on hold until 2017-end

Jan 12, 2017 06:26 am UTC| Commentary Central Banks

The Monetary Policy Council of National Bank of Poland yesterday decided to keep its interest rates on hold. The central bank left its benchmark reference rate at 1.5 percent, consistent with market expectations, and...

FxWirePro: The Day Ahead- 12th January 2017

Jan 12, 2017 05:02 am UTC| Commentary Central Banks Economy

Lots of economic data and events scheduled for today but all with low to medium risks associated. Upcoming: Japan: Eco watchers survey for December will be published at 5:00 GMT. France: Consumer price...

PBoC launches spot checks on major bitcoin exchanges

Jan 11, 2017 14:48 pm UTC| Commentary Central Banks

The Peoples Bank of China (PBOC) said on Wednesday that it has launched spot checks on major bitcoin exchanges in Beijing and Shanghai, including BTCC, Huobi and OKCoin. The central bank said the reason behind the move was...

FxWirePro: Should you blame BoJ for USD/JPY vol and risk reversal shift?

Jan 11, 2017 11:48 am UTC| Central Banks Research & Analysis Insights & Views

Although the Yen appears under pressure momentarily as BoJ caps nominal yields and risk sentiment holds up, but the move in relative real yields between Japan and the US represents a clear case for a weaker yen. The risk...

Rapid rise in PPI may complicate PBoC's monetary policy management

Jan 11, 2017 11:06 am UTC| Insights & Views Economy Central Banks

China Statistics Bureau report on January 10th showed Chinas headline CPI inflation came in at 2.1 percent y/y in December, missing market expectations of 2.3 percent and below 2.3 percent recorded in November. On a...