Archive for March 22nd, 2019

Foreign Exchange Insights and Next Week

Next Week

March 22, 2019

Central Banks: Policy meetings in Mexico, New Zealand, South Africa, Chile, Hungary and the Czech Republic. Many Fed officials have public speaking engagements including Harker, Rosengren, Clarida, Williams, Quarles, Evans, George and Bullard.  ECB President Draghi, Vice President DeGuindos, and Executive Board members Praet and Mersch also will be speaking. So will Ellis and Kent […] More

Central Bank Watch

Russian Central Bank Indicates Interest Rate May Be Cut Later this Year

March 22, 2019

The Central Bank of the Russian Federation maintained a one-week repo rate of 7.75% after its latest monetary policy review. The key interest rate was increased a quarter of a percentage point twice last year in September and then in December, but a statement released today revised projected inflation this year downward by 0.3 percentage […] More

New Overnight Developments Abroad - Daily Update

A Fresh Wave of Risk Aversion

March 22, 2019

There’s been a big move into safe assets, reflecting three developments since Wednesday: The Fed’s decision was more dovish than expected, putting interest rate normalization on hold for all of 2019 and ending the balance sheet rundown after September. EU leaders put Britain on a short leash to decide on its Brexit plan. While March […] More