RBNZ Holds Official Cash Rate Steady At 1.75%
The Reserve Bank of New Zealand on Thursday kept its Official Cash Rate unchanged at the record low of 1.75 percent for the ninth straight meeting.Original Article Read More →
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Monthly archive March, 2018
German Economic Sentiment Weakens To 18-Month Low
Germany's economic confidence deteriorated sharply to a one-and-a-half-year low in March on fears of US led trade conflicts, survey data from the Mannheim-based think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment dropped more-than-expected to 5.1 in March Read More →
Morgan Stanley Warns Bitcoin Unfolding 15 Times Faster Than Nasdaq’s 2000 Crash
Bitcoin is unwinding in a similar fashion to the Nasdaq during the dotcom bubble nearly two decades ago, but the pace is 15 times faster, global investment firm Morgan Stanley said. The firm's strategist Sheena Shah said in a client Read More →
Euro lifted by shifting interest rate debate
The euro held on to its advances made the previous day, when supported by renewed speculation that the European Central Bank will wind down its bond-buying stimulus this year and begin to raise interest rates around mid - 2019.
Read More →PBoC’s Vice Governor Nominated As New Chief
China's legislature on Monday nominated Yi Gang, vice-governor of the People's Bank of China, as its new chief. Yi will replace Zhou Xiaochuan, who has been at the helm of the PBoC for 15 years. Zhou has headed the central Read More →
U.S. Industrial Production Jumps More Than Expected In February
After reporting a modest decrease in U.S. industrial production in the previous month, the Federal Reserve released a report on Friday showing a substantial rebound in production in the month of February. The Fed said industrial production surged up by Read More →