Foreign Exchange Insights and Next Week
Next Week’s Menu: September 7-13, 2019
September 6, 2019
Central Banks: Monetary policy reviews at the European Central Bank and in Poland, Serbia, Turkey, Malaysia and Peru. ECB macroeconomic forecasts will be updated, and a deposit rate decline is considered quite possible. ECB President Draghi and Vlieghe of the Bank of England Monetary Policy Committee will be speaking publicly. Events and Holidays: South Koreans […] More
Central Bank Watch
A Third Russian Central Bank Rate Cut
September 6, 2019
The Central Bank of the Russian Federation, as it had done in June and July, cut its policy interest rate by 25 basis points at today’s meeting, citing in a released statement the continuing downtrend of inflation, lower-than-expected economic growth and elevated global risks. Officials lowered their projections for both growth and inflation slightly, and […] More
New Overnight Developments Abroad - Daily Update
Chinese Monetary Policy Eased, Powell to Speak, and Some Important Data Releases
September 6, 2019
The People’s Bank of China cut the reserve requirement ratios of commercial banks for the seventh time since early 2018, releasing a potential extra CNY 900 billion of liquidity. About CNY 3.63 trillion ($500 billion) had been unleashed in the six earlier actions. The latest easing comes as the U.S. imposes further tariffs and in […] More
