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...
FxWirePro: Take a look on relative values in Sterling and Swedish Krona
Jun 29, 2020 15:52 pm UTC| Research & Analysis Central Banks
GBP is one of the currencies most vulnerable to COVID -19, not only because the damage to public finances is larger than most other countries (a 2020 fiscal deficit of 16% of GDP). This reliance on inflows renders GBP more...
Jun 29, 2020 08:32 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views
Amid the widening of outbreak of Covid-19, various central banks across the globe seem to be inclined for the digital currency system. Day by day the total number of confirmed cases and reported casualties of the deadly...