Central Bank

The Governor of the Bank of England Marl Carney decided to displace the analysts who were already positioned on a rate cut and a return, even, of a Quantitative Easing in the UK market: the final and official decision is to keep rates unchanged to a record low of 0.5% with a large majority even within the board that ultimately voted almost compact (8 to 1 the outcome) to maintain, at least until August, the status quo.

The result of the referendum is still too recent and especially unexpected, thus subject to strong emotion, to be able to afford to make decision

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, has minimized the impact on the economy Brexit US and confirmed his opinion that this year increases could be two, also three increases in interest rates by the Central Institute of Washington. "The Brexit is positioned at the bottom on my list of risks and I do not expect more than a few tenths of a percent of transitional slowdown in growth", because of this event, he said Harker yesterday evening.

Hot Ecofin meeting for the Italian Finance Minister Padoan, who wanted to intervene in defense of the Italian system: "There is a perception of the Italian banking system that is totally distorted in terms of numbers, of suffering, of what you need to capitalize", and "the fact that someone says that is generated as high risk is totally unfounded."

In the opionion of Bill Gross, manager of the Janus Global Unconstrained Bond Fund of Janus Capital Group, who has not played by children at the famous board game might have difficulty in managing the US finances. In fact in his latest Investment Outlook titled "Just a Game" wanted to provoke the American financial world with a curious comparison: "If only the Fed governors and US presidents had played more Monopoly and taking less account of the historical models, probably the US economy and its future prospects would be best. "

Brexit doesn’t scare Italian banks; this is the concept expressed by Giovanni Sabatini, General Manager ABI, during the presentation of the Global Institute of International Affairs outlook, according to which "the market seems to have changed everything, but if we look at the fundamental Italy and the system Italian bank are less exposed than the Brexit risk ".

"The exposure of the banking sector to financial institutions in Britain is absolutely limited and in any case less than France, Spain and Germany, but for the markets is not so. It looks as if Italy after the vote has been overwhelmed by a huge problem. "

The new € 50 banknote will enter into service in April 2017, issued by the European Central Bank (ECB) in Frankfurt.

After the banknotes of 5, 10 and 20 euro, the 50 is the fourth cut of the second series of euro banknotes, known as "Europe." Among the banknotes, it is the most widely used and represents 45% of all banknotes in circulation, as reported by the note of the ECB. For this reason the new banknote has "highly advanced safety features" to avoid being spoofed.

The Swiss National Bank (SNB) went on its biggest foreign-currency buying spree since January 2015 in the wake of Britain’s vote to leave the European Union, data showed on Monday.
The measure for domestic banks rose by 6.87 billion francs ($7.05 billion) to 430.3 billion, while the total amount jumped by 6.27 billion francs to 507.5 billion. "Brexit has triggered a big demand for safe havens like the franc, so the SNB has to keep acting," J. Safra Sarasin currency strategist Ursina Kubli said, as Reuters referred.

The EIB bonds remain very safe. Standard & Poor’s affirmed its AAA rating on the European Investment Bank (EIB), with a stable outlook. After the vote in favor of the release of the UK from the European Union, the rating agency analysts consider it likely that London withdraw from EIB.