This has caused banks to create an unofficial capital control – basically freezing accounts and only releasing a limited amount of dollars using the $1 = 8,000 L.L. This is called the “bank rate.” The Lebanese lira has lost more than 90 percent of its value. Judicial entities have ba...
In spite of the combined domestic information from Australia, there’s little expectation of a rate cut from the Reserve Bank of Australia till April next year, even as futures markets have actually priced in 38 basis points of rate cuts for the RBA over this year and next. F...
300 jobs in December 2024, surpassing forecasts. However, the unemployment rate edged up to 4.0%, which was attributed to a higher participation rate, reaching a record 67.1%. This robust job market presents a dilemma for the Reserve Bank of Australia (RBA) as it contemplates potential interest...
rate easing outlook.data showed, inflation fell in six important german states in august, suggesting national inflation could decline noticeably this month. it dropped to the slowest pace in a year in spain. money markets priced in 67 bps of ecb cuts in 2024, from around 63 bps before ...
“We have seen a sell-off in commodities overnight and the worry is whether or not China will be able to dig its way out of its slow growth period,” said Thierry Albert Wizman, global FX and rate strategist at Macquarie in New York. “Some people are seeing the interest rate cuts as...
Meaning the would cut rates which was an about face from rate increased and balance sheet shrinking they were doing. Meanwhile other Fed Presidents were out saying the fed would bring back some sort of QE if necessary. Guess what happened to crash? It stopped, but only after the Fed ...
aAhead of the Group-of-20 summit in London on April 2nd, the Kremlin published a plan for a supra-national currency to replace the Us-dollar. “ We have received proposals from our colleagues in China, detailed proposals,” said Russian President Dmitry Medvedev’s top economic adviser Arkady...
The sudden jump left traders on high alert for signs of intervention. After a two-day meeting, the Bank of Japan left its short-term interest rate target at 0-0.1% on Friday and made small upward adjustments in its inflation forecast. Investors had not expected a policy shift but took the...
The gap between the official and parallel market rates has shrunk since the initiatives began in July. The exchange rate on the street for large transactions – more than 1 million Zimbabwe dollars – has rallied to Z$740 for a US dollar from as much as Z$950. For smaller deals, a gr...
ensuring a steady and secure financial future. However, any transfer to the LIV Golf on this vesting schedule will result in the forfeiture of their equity. This policy, as reported by The Telegraph, would have seen Phil Mickelson rank 2nd in terms of the scale of award grant (behind only...