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

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
10 Feb 2020

Goldman Sachs: Turkey to reduce interest rates to single digits within months - Bloomberg

Turkey’s central bank will bring interest rates to single digits within months, before rising again next year on the build-up of inflation, according to Goldman Sachs Group Inc.

The central bank's interest rate more than halved since last July to 11.25%.

Key quotes

The authorities will prioritize growth and reduce the policy rate as much as possible without destabilizing the lira.

Recent inflation dynamics and growth in money aggregates, in our view, also increase the risk of renewed lira volatility.

The key rate is forecasted to reach 10.75% at the end of 1Q, 10% at the end of 2Q, 9.75% at the end of 3Q, and then stay on hold until end-2020. Previous forecasts were for the benchmark at 11.5% by the end of 1Q, 11% by the end of 2Q, and then remaining unchanged through the rest of the year. 

The Turkish lira on Friday weakened past the 6-per-dollar mark for the first time since late May. At press time, USD/TRY is trading at 5.9874. 

Feb 10, 2020

USD/CAD Price Analysis: Bull momentum weakens

USD/CAD's upward momentum seems to have weakened and a minor pullback could be in the offing. The pair rallied from 1.2952 to 1.3321 over the last 5.5
Read more Previous
Feb 10, 2020

PBOC sets Yuan reference rate at 6.9863

The People's Bank of China (PBOC) has set the Yuan reference rate at 6.9863 versus Friday's fix at 6.9768.
Read more Next