Confirming you are not from the U.S. or the Philippines

Ao fornecer esta declaração, declaro e confirmo explicitamente que:
  • Não sou um cidadão nem residente nos EUA
  • Não sou residente nas Filipinas
  • Não possuo, direta ou indiretamente, mais de 10% de ações/direitos de voto/juros dos residentes dos EUA e/ou não controlo cidadãos ou residentes dos EUA por quaisquer outros meios
  • Não tenha propriedade, direta ou indireta, de mais de 10% de ações/direitos de voto/juros e/ou controlo cidadãos ou residentes dos EUA exercidos por outros meios
  • Não sou afiliado de cidadãos ou residentes dos EUA nos termos da Secção 1504(a) da FATCA
  • Tenho consciência da minha responsabilidade por prestar declarações falsas.
Para efeitos da presente declaração, todos os países e territórios dependentes dos EUA são equiparados de igual modo ao território principal dos EUA. Comprometo-me a defender e a considerar isenta a Octa Markets Incorporated, os seus diretores e oficiais relativamente a quaisquer reivindicações que surjam ou estejam relacionadas com qualquer violação da minha declaração no presente documento.
Dedicamo-nos à sua privacidade e à segurança das suas informações pessoais. Coletamos e-mails apenas para fornecer ofertas especiais e informações importantes sobre nossos produtos e serviços. Ao enviar seu endereço de e-mail, você concorda em receber nossas cartas. Se desejar cancelar a assinatura ou tiver alguma dúvida ou preocupação, entre em contato com o nosso Suporte ao Cliente.
Test

Important information

By accessing this website, you confirm that you are not a citizen of the European Union or the United States of America, and that you are not a resident of, or accessing the website from, Canada, the European Union, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, or the United States of America. We assume no liability for any consequences arising from the violation of applicable local laws.

Back

India: Longer easing cycle needed for transmission – Standard Chartered

According to Standard Chartered analysts, the incomplete transmission of monetary policy easing remains a major issue in the current easing cycle for the Indian economy.

Key Quotes

“The Monetary Policy Committee (MPC) has cut rates by 75bps to 5.75% since February, moving its stance from neutral to accommodative and eased liquidity to a INR 1tn surplus from June-July 2019 (versus an average INR 0.4tn deficit from June 2018-May 2019). However, banks’ lending rates have fallen only slightly, in a sharp contrast to market rates.”

“Less-than-desired policy transmission so far is likely due to usual time lags, worries about a potential rise in non-performing assets (NPAs) in the next few quarters and banks’ increased pricing power. As the current easing cycle is only six months old, we believe transmission will improve in the next few quarters. The first round of downward adjustments in rates has already started. However, transmission through the interest rate channel may remain gradual on banks’ concerns about NPAs increasing in the next few quarters due to issues with non-bank financial companies (NBFCs). Banks’ improved pricing power in the absence of competition from NBFCs has also likely delayed transmission.”

“We believe the policy easing cycle needs to continue for a longer period to achieve the desired transmission.”

Other than growth-inflation dynamics, we think the MPC needs to consider the trade-off between quick but short-lived cycles and incomplete transmission while deciding future rate action. Past cycles show that quick and deep rate cuts reversed in a short period do not fully benefit the economy; we thus expect the MPC to calibrate its future rate action.”

“We maintain our call of a 25bps rate cut at the August meeting and see a risk of cuts beyond August given benign growth/inflation dynamics. The Reserve Bank of India’s (RBI’s) assurance of ample liquidity for the rest of FY20 (ending March 2020) will be key to facilitate policy transmission, in our view.”

US Dollar Index Technical Analysis: The multi-month support line at 97.11 should hold the downside

Dollar Index Spot Overview Today last price 97.55 Today Daily Change 48 Today Daily Change % 0.04 Today daily open 97.51 Trends Daily SMA20 97.55 Dai
Leia mais Previous

EUR/USD Technical Analysis: Rebound could extend to the 1.1280/90 area

EUR/USD Overview Today last price 1.1196 Today Daily Change 59 Today Daily Change % -0.06 Today daily open 1.1203 Trends Daily SMA20 1.1186 Daily SMA
Leia mais Next