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In a pandemic-induced environment, central banks and governments have absorbed all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowing and supporting the global economy with huge fiscal stimulus plans to manage an unparalleled health and economic crisis. Governments and Central ...
A Cautious Fed FOMC Meeting Investors were eagerly looking forward to the Fed’s statement and forecasts for clues on how the Fed is viewing the health of the economy after easing lockdown measures. Global central banks have played a crucial part in absorbing the pandemic-induced shocks in the global economy. Together with huge fiscal intervent...
Global central banks have been a crucial part in providing aid and support to the global economy during the coronavirus pandemic. Faced with an unprecedented crisis, central bankers have rapidly deployed various monetary tools to keep credit flowing and support businesses and households. Given that interest rates were somewhat already at record-...
If we could describe the year 2019 in one word, we believe uncertainty says it all. The world entered 2019 with a high level of ambiguity and is poised to finish the year with the same extent of uncertainties. The Global Economic Policy Uncertainty Index which is a GDP-weighted average of national EPU indices for 20 countries has remained in ele...
Fed in Focus - US Repo and Funds Rate During the week, it was all about the Repo market. A Repurchase Agreement known as Repo is a form of short-term borrowing for dealers in government securities. The Repo market plays a key role in supporting liquidity in the financial markets. It facilitates the flow of cash and securities around the financi...
Central banks of major economies like the US, UK and Japan turned to quantitative easing (QE) at a time where they were unable to push interest rates any lower. The European Central Bank (ECB) launched its first large scale of asset purchases in 2015 and was among the latest central bank to join the QE bandwagon. How QE works The ECB adopted the...
All Eyes on Jackson Hole Economic Symposium The annual Jackson Hole Economic Symposium is sponsored by the Federal Reserve of Kansas City and is annually held in Wyoming. It is an exclusive central bank conference which fosters open discussions on global policy matters. The event is closely watched by market participants and has the potential to af...
The Main Headlines of the RBA August Statement By Philip Lowe, Governor: Monetary Policy Decision The Board decided to leave the cash rate unchanged at 1.00 per cent. The outlook for the global economy remains reasonable. The persistent downside risks to the global economy combined with subdued inflation have led a number of central ban...
Dissecting the FOMC Statement The US Federal Reserve cut interest rates overnight by 25 basis points, taking the US Federal Funds rate to 2.25%. The rate cut was mostly seen as a hawkish one. In the press conference, Chair Powell said that the central bank’s rate cut was a “mid-cycle adjustment to policy” rather than “the beginning of a ...
Fundamental Analysis: Macro Factors The rapidly growing global interconnectedness means that the health of one country's economy can impact the world markets. As a result, traders generally follow the economic calendar to ensure that they do not miss out on any relevant indicators that may signal a move in the financial markets. In this article, ...
Deutsche Bank Revives The Failure of Lehman Brothers Deutsche Bank’s woes dominated headlines this week. On Sunday, the multinational investment bank announced 18,000 job cuts around the globe by 2022 and shut down its global stock trading business as part of a sweeping overhaul. It was reported that the cuts had been anticipated for weeks. We...
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday 29th May at 15:00 PM London time. Why Is The Announcement Important? A bank interest rate is a rate at which a countries central bank lends money to local banks. The interest rate is charged by ...
“Will China Dump US Treasuries?” A tweet from Hu Xijin, editor-in-chief of the Global Times grasped attention on Tuesday morning, and even Bloomberg reported that it had triggered a readership surge on its Terminal. It came at a time when China responded to the additional tariffs by increasing duties on $60 billion worth of US goods. T...
Brexit has been dominating the news flow in the United Kingdom for a long time, but on Thursday all eyes will be on the latest Bank of England rate decision. The decision is set to be announced at 12 PM London time. About Interest Rates Interest rates are set by the Bank of England’s Monetary Policy Committee which is made of nine members ...
Today, the Bank of Canada announced its decision to leave interest rates unchanged at 1.75% and with other major central bank policy meetings due to take place in the coming weeks, there is no better time to look at the current interest rates of some of the major central banks from around the world. About Interest Rates A bank interest rate is a ...