China launches 350 billion yuan restructuring fund to support State-Owned Enterprises

Sep 26, 2016 15:40 pm UTC| Commentary Economy Central Banks

PBoC adviser Huang Yiping said over the weekend that Chinas deleveraging has not made any significant progress, which implies that China still relies on credit-fuelled growth model, posing a long-term risk to Chinas...

Riksbank could start to remove negative rates in late 2017

Sep 26, 2016 12:28 pm UTC| Insights & Views Central Banks

At its latest monetary policy meeting on September 7th, the Swedens central bank left the repo rate unchanged at minus 0.50 percent and said to continue to purchase government bonds in the second half of 2016. The Riksbank...

FxWirePro: Double whammy for TRY from CBRT and Moody’s, USD/TRY spikes - OTM calls in diagonal credit spreads to fetch exponential yields

Sep 26, 2016 12:17 pm UTC| Central Banks Economy Insights & Views

After CBRTs rate cut in last week, Moodys downgrading has been thedouble whammy for USDTRY, as the pair has been spiking considerably. President Tayyip Erdogan unsettled markets briefly on Friday when he appeared to...

FX Hedging Strategy Series

FxWirePro: Central banks activities, geopolitical risks and multi-month low vols suggest EUR/USD FVA hedge

Sep 26, 2016 07:13 am UTC| Central Banks Commentary

As the Fed maintained status quo at the conclusion of its monetary policy meeting on Wednesdaybut hinted that a hike could come in December if the job market continued to improve, the key benchmark US treasury yields moved...

Taiwan’s central bank likely to slash rates on Thursday, to stay pat in December

Sep 26, 2016 06:26 am UTC| Commentary Central Banks Economy

The Central Bank of the Republic of China (Taiwan) (CBC) is expected to slash its discount rate at the monetary policy meeting scheduled to be held on Sep 29, 2016. However, it is seen to hold fire at the next policy meet...

FxWirePro: Dovish CBRT stimulates USD/TRY upside risks, 1w calls exorbitantly priced – Construct Diagonal Credit Call Spreads bidding tepid IVs

Sep 23, 2016 13:11 pm UTC| Central Banks Insights & Views

CBT lowered its overnight lending rate by 25bps yesterday to 8.25% as had been widely anticipated; the central bank kept other policy parameters unchanged. The MPC statement was strikingly dovish in that its first remark...

FxWirePro: RBI designs new MPC to ensure policy actions on track to keep inflation targets – INR trading baskets

Sep 23, 2016 12:17 pm UTC| Central Banks

RBI finalized the make-up of its new six-member monetary policy committee (MPC). They are three government nominees who are distinguished economists and three RBI members. In a split decision, the governor has the...