Global macro overview for 21/09/2017

Global macro overview for 21/09/2017: The two-day FOMC meeting resulted in an overall agreement to keep the interest rates unchanged at the level of 1.25% as widely expected. The Fed announced that starting next month the regulator will gradually shrink its $4.5 trillion balance sheet, which it built up in response to the financial crisis […]

Bitcoin analysis for 21/09/2017

Bitcoin analysis for 21/09/2017: Good news for all Australian cryptocurrency traders. Recently, the Australian government has introduced regulations to remove double taxation of cryptanalysts. The reform initially set in Turnbull’s budget was approved. On September 14, a double taxation law was introduced. Scott Morrison Treasurer of the Commonwealth of Australia said: «Currently, consumers who use […]

S&P lowers China’s rating to «A+/A-1», Outlook stable

US ratings agency Standard & Poors out with a note on China 21 Sept prolonged period of strong credit growth has increased economic and financial risks «Stable» outlook reflects view that China will maintain robust economic performance and improved fiscal performance in next 3-4 years sees credit growth in next 2-3 years to remain at […]

ECB to publish new unsecured overnight interest rate before 2020

ECB out with a statement a short while ago 21 Sept new rate will complement existing benchmark rates produced by pvt sector preparations for o/n rate to be over by 2020 o/n benchmark interest rates important for financial markets and monetary policy implementation All part of a required shift in  thinking after accusations/evidence in recent times of […]