Archive for September 6th, 2019

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