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.
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.
Octa trading broker
Open trading account
Back

FOMC to make three 0.25% cuts by June - Westpac

Bill Evans & Elliot Clarke, Analysts at Westpac, have revised their forecast for the US FOMC, with 0.25% rate cuts in March, April, and June.

Key quotes:

“Readers will be aware that Westpac has forecast three cuts in the federal funds rate in 2020 since the middle of 2019.

That was based on a likely slowdown in the US economy to below trend (to 1.5%) in 2020 particularly as consumer spending slowed from a 3% pace in 2019 to near 2% in 2020.

However, in recent weeks the spread of COVID-19 has threatened the economic outlook for the US economy.

The FOMC responded to that tightening in conditions by lowering the federal funds rate by 50 basis points between scheduled FOMC meetings. In announcing the decision the Chairman of the FOMC Jay Powell, referred to “evolving risks associated with the Coronavirus”.

That decision achieved two of the three rate cuts we had expected in 2020.

The FOMC is expected to have decent insight into these events at its March, April and June meetings. A desire to maintain momentum in the US economy is likely to trigger cuts of 25bps at each of these meetings.

From the June meeting the negative COVID-19 effects are expected to ease providing the FOMC some comfort that it has achieved its purpose.”

Philippines: Inflationary pressures will likely remain modest – ANZ

With the below-forecast inflation data from the Philippines, mainly due to easing food and fuel prices, analysts at the Australia and New Zealand Bank
Read more Previous

HSBC: RBI to cut rates by 40bps in April-June meetings, USD/INR bounces-back to 73.50

In the view of the analysts at HSBC, the Reserve Bank of India (RBI) is likely to deliver a big rate cut in its April meeting to combat the coronaviru
Read more Next