Morgan Stanley CEO Ted Pick revealed that the bank is working with the US Treasury and other regulators to explore offering cryptocurrency trading services. Regarding phenomena such as TRUMP coins in the market, Pick said that this reflects the different ways in which market liquidity manifests, and the broader question is whether these have matured and whether crypto assets have reached "escape velocity". Pick emphasizes that time is the best friend, and the longer a trade lasts, the more likel...
The Bank of Japan will continue to raise policy rates if the economy and prices move as expected.
The Bank of Japan voted 8-1 to raise interest rates for the third time, saying real interest rates remain negative and will continue to rise as needed. Click to view...
Ted Peake, Morgan Stanley's chief executive, said on Thursday that the bank would work with US regulators to see whether it could engage deeply in the cryptocurrency market. "The key for us is whether we, as a highly regulated Financial Institutions Group, can act as traders," Mr. Peake told CNBC at the World Economic Forum in Davos, Switzerland. "We will work with the Treasury and other regulators to see how we can provide this service in a safe way."
Citi said it now expects the Bank of England to start cutting interest rates in a row in August 2025, compared with a previous forecast for May. (Jin Ten)
The Bank of Korea is expected to cut its policy rate for the third time in a row next week in response to growing concerns fuelled by political instability over the president's impeachment. Nineteen of the 26 economists surveyed by the Wall Street Journal predicted the Bank of Korea would cut rates by 25 basis points to 2.75 per cent at its January 16 meeting. Suktae Oh and Kiyong Seong, economists at Socie ́ te ́ Ge ́ ne ́ rale, said: "Concerns about a slowdown in domestic demand as a resul...
Ms Britten, deputy governor of the Bank of England, said on Thursday that recent evidence supported a gradual rate cut but that measuring the appropriate pace of easing was tricky. "Recent evidence further supports the removal of policy constraints, which I expect to continue to be phased out over time," said Ms Britten, deputy governor for financial stability and seen as a centrist on the monetary policy committee, in a speech at the University of Edinburgh. She said that at this stage "...
Makoto Sakurai, a former member of the Bank of Japan's policy committee, said the possibility that the Bank of Japan will delay raising interest rates until March is increasing given the growing uncertainty caused by US President-elect Trump. "When Trump comments on various things, there seems to be too much uncertainty. There may not be enough reason to support a rate hike in January." Sakurai's remarks came as Bank of Japan watchers were looking for hints about a rate hike this month or later....
According to Yonhap News Agency, the Bank of Korea plans to cut interest rates further next year in response to higher downside risks.
The Bank of Japan meeting notes that members agreed that the Bank of Japan will continue to raise interest rates if economic and price trends meet expectations.
Bank of Korea: The Bank of Korea's monetary policy committee will meet early Wednesday to discuss market stabilization measures.
The Bank of Korea said its monetary policy committee would meet early on Wednesday to discuss market stabilisation measures.
Bank of Korea official: If necessary, we are ready to take sufficient measures to stabilize the market and will release information after the meeting.
According to a report by Standard Chartered, stablecoins are moving from their initial use in cryptocurrency exchanges to wider use in global finance, with research indicating that stablecoins are increasingly being used for purposes similar to traditional finance, such as dollar saving and trading and facilitating cross-border transfers. The report also notes that the stablecoin market cap is currently $163 billion, which is small compared to overall financial marekt, but still has significant ...
The Bank of Japan's September meeting notes that members agreed to continue raising interest rates if economic and price forecasts are in line with expectations.