Russia's central bank has proposed a three-year cryptocurrency trading pilot for investors with more than $11.50 million in assets or more than $50 million in annual income, pending government approval.
On March 13th, the People's Bank of China launched a 7-day reverse repurchase operation of 35.90 billion yuan today. Because 104.50 billion yuan 7-day reverse repurchase expired today, a net refund of 68.60 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
According to BBG, the Russian central bank will allow investors to make limited cryptocurrency purchases.
On March 12, the People's Bank of China launched a 7-day reverse repurchase operation of 175.40 billion yuan today. Because 353.20 billion yuan 7-day reverse repurchase expired today, a net refund of 177.80 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
ECB Governing Council Rennes: If the data support, we will not lower interest rates in April, but will stay on the sidelines.
On March 11th, the People's Bank of China launched a 7-day reverse repurchase operation of 37.70 billion yuan today. Because 38.20 billion yuan 7-day reverse repurchase expired today, a net refund of 500 million yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
Arthur Hayes, co-founder of BitMEX, wrote, "Here's the plan: be patient, don't rush. Bitcoin is likely to bottom around $70,000, and a 36% drop from an all-time high of $110,000 is a normal bull market correction. Then we need to see the stock market, especially the SPX (S & P 500) and NDX (Nasdaq 100) fall sharply. Then, the "...
According to a report by Golden Ten Data, Quilter Investors' latest investor trend survey shows that interest rates from the Bank of England and the European Central Bank appear to be too restrictive. About 40 per cent of investors expect UK rates to fall from the current 4.5 per cent to "a range of 3.26-3.75 per cent", the survey said. Quilter also said that as many as 57% of investors expect ECB interest rates to fall from the current 2.5% to 1.51% to 2.0% by the end of 2026.
According to Cointelegraph, European Central Bank President Christine Lagarde said that the European Union plans to launch a digital euro in October. Earlier, the president of the European Central Bank said that the digital euro cannot be advanced unless the legislation is completed.
In the coming week, investors will continue to ponder the impact of Germany's massive fiscal stimulus package, which has led to a sharp rise in German Bund yields, and the impact of Germany's planned increase in defense spending. In particular, investors are interested in how fiscal expansion will affect economic growth and inflation in Europe, and how this will affect the European Central Bank's monetary policy. Vanguard and Alliance Bernstein already expect the ECB to cut interest rates by mor...
The European Central Bank plans to establish a CBDC by October 2025.
Nomura said it expected the ECB to cut interest rates only once this year by 25 basis points. It had previously forecast two rate cuts of 25 basis points each. (Jin Ten)
Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said in a note that he expected the ECB to continue gradually cutting interest rates after cutting by 25 basis points on Thursday. Mr. Mehdi said the ECB's slow pace of rate cuts was likely to boost the performance of European risk assets. "Against the backdrop of fading US exceptionalism, we believe the global equity rally, including the outperformance of eurozone equities, will continue further in 2025."
The European Central Bank forecasts oil prices at $74.7 per barrel in 2025.
Goldman Sachs said it expects the ECB's base rate to reach 2% by June. The central bank is not expected to cut rates in July, compared with a previous forecast of a 25 basis point cut. (Golden Ten)