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Thursday, 26 March 2020 19:22 WIB

The Bank of England voted unanimously to keep interest rates at 0.1% and maintain its £200 billion program of buying UK government bond and sterling non-financial investment-grade corporate bond purchases. "Regarding the impact of asset purchases, gilt yields fell significantly following the previous week's special MPC meeting and the commencement of additional gilt purchase operations from 20 March. If needed, the MPC can expand asset purchases further," the central bank said. Source : Marketwatch

RECENT NEWS
BOJ Adds Liquidity With $9.2 Billion Unscheduled Bond-Buy Offer
Thursday, 19 March 2020 10:04 WIB | BOJ Bank of Japan

The Bank of Japan offered to buy 1 trillion yen ($9.2 billion) of government bonds in another unscheduled operation, keeping up with its pledge to provide liquidity to markets. The yield on 10-year benchmark bonds extended its decline and was down three basis points for the day at 0.04% after the central bank said it plans to buy debt across the curve with maturities up to 25 years. The yield climbed to its highest level since December 2018 on Wednesday. œThe BOJ is strengthening its stance to provide ample liquidity to markets, said Mari Iwashita, chief...

BOJ Doubles ETF Target But Holds Key Rate Steady After Fed Cut
Monday, 16 March 2020 13:09 WIB | Bank of Japan BOJ

The Bank of Japan strengthened stimulus but stopped short of cutting its negative interest rate at an early meeting Monday after the Federal Reserve slashed its own rates to address rapidly mounting shocks from the coronavirus. The BOJ doubled its target for net purchases of exchange-traded funds to 12 trillion yen ($112 billion). Even before the Fed took action, most economists had predicted the bank would raise the ETF buying target, although the number is likely to be a surprise. The bank also introduced a new lending program to help businesses hit by the pandemic. Before the...

Federal Reserve Powell Explains Rate Cut To 0%
Monday, 16 March 2020 07:34 WIB | Federal Reserve

Jerome Powell, Chairman of the Federal Reserve, explains the second surprise interest rate cut as markets open in Asia. The move came amid the coronavirus crisis. Apart from the cut, the Fed also injected liquidity. He explains that the disease will take an economic toll. The economy came into the crisis on a strong footing. Source : FX Street

ECB leaves interest rates unchanged in March as expected, announces additional LTRO
Thursday, 12 March 2020 20:17 WIB | ECB

At its monetary policy meeting held on March 12th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. Attention now turns to ECB President Christine Lagarde's first press conference at 13:30 GMT. With the initial reaction, the EUR/USD pair gained traction and was last seen trading at 1.1260, adding 0.15% on the day. Source : FXstreet

GBP/USD Tumbles as BOE Surprises with 50bp Cut to 0.25% Ahead of UK Budget
Wednesday, 11 March 2020 14:28 WIB | GBP/USD Mark Carney, BOE

The Bank of England has announced a surprise 50 basis point rate cut from 0.75% to 0.25%. Both outgoing Governor Mark Carney and his successor Andrew Bailey had previously said that they are ready to act in face of the coronavirus crisis. While the move is not a total surprise, but the timing “ outside a scheduled meeting “ is responsible for the sharp move in sterling. Moreover, the BOE's new rate of 0.25% puts its at the post-Brexit low, exhausting the "Old Lady's" firepower. The BOE also announces a new SME worth £100 billion “ a lending scheme to businesses. The Monetary Policy...

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FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB

Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the...

MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB

At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of 0.50%, as they weighed in the coronavirus outbreak...