Philippine central bank surprisingly lowers interest rate by 50 bps, unlikely to cut again in August
Jun 25, 2020 11:47 am UTC| Commentary Central Banks
Philippine central bank unexpectedly lowered its overnight reverse repurchase rate today by 50 basis points to 2.25 percent. The BSP policy rate is now at a historic low. Governor Benjamin Djokno noted that low interest...
FxWirePro: Deploy Directional Structures For USD/BRL On Hopes Of Further BCB Cuts
Jun 24, 2020 14:33 pm UTC| Research & Analysis Central Banks Insights & Views
Last week, the Brazilian central bank cut its key interest rate by 75 bps to 2.25%. Remarkably, it left the door open for another small cut in its accompanying statement. And this despite the fact that in May there was...
Bank of Thailand keeps interest rate on hold at 0.50 pct, lowers 2020 growth forecast to -8.1 pct
Jun 24, 2020 13:20 pm UTC| Commentary Central Banks
The Bank of Thailand maintained its key policy rate at 0.50 percent during its meeting today. The decision to keep the interest rate on hold was unanimous. Meanwhile, the central bank revised its 2020 growth projections to...
BoE extends asset purchase program by further GDP 100 billion
Jun 18, 2020 15:24 pm UTC| Commentary Central Banks
The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...
Bank Indonesia cuts key policy rate by 25 bps to 4.25 pct, likely to cut again in Q3
Jun 18, 2020 13:52 pm UTC| Commentary Central Banks
As expected, Bank Indonesia lowered its key policy rate by 25 basis points to 4.25 percent against a backdrop of a recovering IDR and soft economic outlook. The rate cut made today marked the resumption of the central...
Norges Bank maintains key interest rate at zero, new rate path suggests first hike in Q4 2022
Jun 18, 2020 12:43 pm UTC| Commentary Central Banks
Norges Bank kept its key interest rate unchanged at zero during its meeting today. The central bank considerably revised up both their view of the economy and the rate path. The new path indicates a first hike in the...
Digital Currency Revolution Series: Bank Of Canada Looks For Project Manager For CBDC
Jun 18, 2020 09:44 am UTC| Research & Analysis Central Banks Digital Currency Insights & Views
With sovereign governments and their central banks across the globe have been exploring the essence and the opportunities ofCBDC (Central Bank Digital Currency)foreseeing a swift transformation phase in the prevailing...
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