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OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
Monetary policy decisions by European Central Bank
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the…
Luis de Guindos: Euro area – economic outlook…
The euro area economy has been experiencing an unprecedented contraction since the coronavirus (COVID-19) began spreading in Europe. Economic activity declined in the first quarter by 3.6 percent, quarter-on-quarter, driven by the fall in both…
Fabio Panetta: Why we all need a joint…
The case for common European economic action in response to the coronavirus crisis has often been presented as a call for solidarity. As noble as that motivation may be, it's not the only reason for…
Aussie Rockets Despite Ratings Downgrade, Euro Sags
Summary: The Australian Dollar starred in the FX world despite a cut by ratings agency S&P on Australia’s sovereign outlook. Traders shrugged off the downgrade, preferring to focus on the RBA’s recent QE remarks as…
Asset Purchase Facility (APF): Additional Corporate Bond Purchases…
The Corporate Bond Purchase Scheme (CBPS or “the Scheme”) was launched in August 2016. It imparts monetary stimulus by lowering the yields on corporate bonds, thereby reducing the cost of borrowing for companies. It does this…
Luis de Guindos: The euro area economic outlook…
It is a pleasure to be here today at the European Banking Federation. I will use this opportunity to provide an overview of the economic situation in the euro area and on the current monetary…
Working group on euro risk-free rates issues recommendations…
Working group issues recommendations for a seamless transition from EONIA to €STR products. All stakeholders should be made aware that EONIA-linked contracts with maturities beyond 3 January 2022 entail significant risks Report supplements earlier report…
5 years with the euro: obvious benefits for…
Stronger economic and income growth, lower costs of borrowing and payments, no more litas-euro exchange expenses – these are the benefits brought by the euro which was introduced in Lithuania five years ago. The Bank…