Tag: Eurozone

September 04, 2014 BY Mike Fox

ECB cuts key rates in surprise move - brokers welcome volatility

The European Central Bank (ECB) surprised financial markets today, Thursday September 4th by paring back its key interest rates to new all-time lows. Against a background of growing concern that the single currency area is on the verge of deflation, the ECB cut its central "refi" refinancing rate to 0.05 per cent from 0.15 per…

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August 06, 2014 BY Mike Fox

ICAP Information Services and MTS add Eurozone index to RepoFunds Rate

ICAP Information Services (IIS), the information division of ICAP, and MTS, a leading fixed income electronic trading venue in Europe, announced today that they are expanding the RepoFunds Rate indices to include RepoFunds Rate Euro (RFR Euro), a daily repo index for Eurozone sovereign bonds. The new index, RFR Euro, is derived from eligible repo…

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July 07, 2014 BY Mike Fox

Frankfurt’s establishment as offshore clearing hub for RMB a huge boost to European corporations says Commerzbank

Frankfurt’s establishment as one of the Eurozone’s first offshore clearing hub for RMB trade settlement along with the city of London will be a huge boost to European corporations trading with China, especially those that are mid-sized, a senior Commerzbank official says. Frank-Oliver Wolf, Global Head of Cash Management and International Business at Commerzbank, comments: “The…

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