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ECB to publish the new unsecured overnight interest rate before 2020

The European Central Bank (ECB) published a statement on its website last hour, announcing that it will publish the new unsecured overnight interest rate before 2020.

Key Details:

New rate will complement existing benchmark rates produced by pvt sector

Preparations for overnight rate to be over by 2020

Overnight benchmark interest rates important for financial markets and monetary policy implementation

S&P on China: Prolonged period of strong credit growth has increased eco & financial risks

Reuters out with the full report from the US ratings agency, Standard and Poor’s, on China’s sovereign ratings downgrade. Key Points: Long term sove
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USD/JPY bounces off lows near 112.20

The greenback remains on the positive note vs. the Japanese safe haven on Thursday, with USD/JPY managing to rebound from daily low around the 112.20
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