This development positions Japan as the final major central bank to move away from negative rates, signalling the end of a global trend in which economies were buoyed by inexpensive capital and novel financial strategies. "We have transitioned back to a standard monetary policy that focuses on short-term interest rates, aligning with practices of other…
Read moreThis article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). The negative interest rate policy, as known as the NIRP, has certainly become one of the most interrogated strategies across the markets. Let us have a quick glance to what caused the central banks to turn…
Read moreVolatility hit Asian equity and currency markets on Friday following a surprise overnight move by the Bank of Japan to adopt negative interest rates. Here are some notes on the move by a number of leading currency analysts: [divide] Saxo Bank / TradingFloor.com, John J. Hardy - Bank of Japan Governor Kuroda was known for liking…
Read moreApparently the SNB has decided it can't defend EURCHF 1.20 just by intervention.
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