Archive for May 15th, 2020

Foreign Exchange Insights and Next Week

Next Week’s Menu: May 16 – 22, 2020

May 15, 2020

Central Banks: Monetary policies will be reviewed in Indonesia, China, the Philippines, Turkey, Thailand, South Africa and Iceland. Minutes from the most recent reviews will be published by the Federal Reserve and Reserve Bank of Australia. Events and Holidays: Eurogroup and Euroland finance ministers meetings on Monday and Tuesday. Parliamentary election in Syria on Wednesday. […] More

Central Bank Watch

State Bank of Pakistan’s Policy Interest Rate Cut for Fourth Time in Space of Two Months

May 15, 2020

Pakistan’s key central bank rate was at 13.25% as recently as March 16 but now falls to 8.0%, thanks to two reductions in March totaling 225 basis points, a third cut of 200 bps a month ago and a fourth announced today by the Monetary Policy Committee of 100 basis points after an emergency meeting. […] More

New Overnight Developments Abroad - Daily Update

Fractious Politics Magnifying Fear Over the Covid-19 Pandemic

May 15, 2020

The Trump Administration’s harsh rhetoric against China has been elevated to trade sanctions. Semiconductor shipments to the Chinese firm Huawei are being prevented. In another disturbing political development, British Prime Minister Johnson reaffirmed and with more force that there will be no post-Brexit negotiations with the EU beyond the end of this year. In 2020, […] More