European Central Bank Governing Council Stournaras said that two more interest rate cuts are still expected in 2025, with an end point rate of 2%.
The Russian central bank has extended rules restricting the transfer of funds abroad for another six months.
The governor of the Russian Central Bank, Nabiullinna, said that we consider cryptocurrencies to be a volatile tool.
US dollar stablecoins and electronic payment systems dominated by US tech giants are taking a growing share of the European financial system, and Europe needs a digital euro to meet this challenge, said Philip Lane, chief economist at the European Central Bank (ECB).
Uncertainty surrounds the Federal Reserve, the dollar remains volatile at a low level under contradictory signals, and the Bank of England is about to end its "super central bank week". Can the pound stand out today?
China's central bank: today 268.50 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
The Brazilian central bank raised interest rates by 100 basis points, lifting the base rate from 13.25% to 14.25%, in line with expectations.
The Central Bank of Brazil: The interest rate decision was unanimously approved, and the committee expects another minor adjustment at its next meeting.
China's central bank: today 295.90 billion yuan 7-day reverse repurchase operation, win the bidding interest rate of 1.50%, the same as before.
The ECB will still cut interest rates this year, but Europe's planned fiscal stimulus could eventually lead to inflation, which will affect the interest rate outlook, says Jacob Falkenkorn of Saxo Bank. The planned fiscal stimulus is expected to lead to increased demand within Europe, which will add some inflationary pressures. The ECB could cut interest rates up to two times this year, he says. Money markets are currently pricing in two ECB rate cuts this year.
On March 18, the Russian Central Bank has invited the Republic of Tatarstan to assist in testing the smart contract function of the digital ruble. The Ministry of Finance of Tatarstan has established a working group to conduct conditional targeted fund expenditure experiments using the central bank's test platform. The test is expected to be completed in the third quarter of 2025. A month earlier, the Russian central bank had "indefinitely postponed" the digital ruble national...
Analysts surveyed expect the ECB to cut interest rates two more times this year and no longer expect the bank's rate to fall below 2 per cent, according to the agency survey. The monthly survey showed that the ECB was still likely to cut interest rates in April and June in a row after six cuts so far. But unlike the previous round of surveys, respondents expected the deposit rate, currently 2.5 per cent, to remain at 2 per cent until the end of the survey period. In mid-February, a slim majority...
On March 17, according to 4E monitoring, under the continuous impact of Trump's tariff policy, the three major US stock indexes collectively closed down after experiencing significant fluctuations last week. The Dow fell by about 3.1%, marking its worst weekly performance since March 2023. The S & P 500 fell by 2.27% and the Nasdaq fell by 2.43%, both falling for the fourth consecutive week. Large technology stocks rebounded by nearly 8% except for NVIDIA, and all other weekly losses were closed...
The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the Action Plan for special projects to boost consumption and issued a notice requiring all regions and departments to implement it conscientiously in light of the actual situation.
Super central bank week is coming! Trump is using "bitter meat" to force the Federal Reserve to cut interest rates? After gold breaks through $3,000 or "shock people out of the car", US stocks may not have bottomed out yet...