Eurozone banks need a digital euro in response to U.S. President Donald Trump's efforts to promote a stablecoin, a cryptocurrency usually pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. That would help lure more customers away from banks and strengthen the case for the ECB to launch its own digital currency.
The Bank of Japan is widely expected to raise its base rate to 0.5 per cent on Friday, with the 25 basis point increase the largest since February 2007, adding to signs that Japan's economy is finally returning to normal. Two key points that Bank of Japan Governor Kazuo Ueda made clear last month when considering a rate hike have been largely clear. So far, the country's wages have risen...
On January 22nd, the European Central Bank Governing Council Knott said that the obstacles to another interest rate cut next week are very small. The data is encouraging and confirms that we will return to our target. (Golden Ten)
European Central Bank Governing Council Member Knott said there are few obstacles to another interest rate cut next week. The data is encouraging and confirms that we will be back on target and hope to see the economy recover before making further judgments. (Golden Ten)
Bank of America has revised its forecast for the Bank of Japan to raise interest rates in January, or this week, from March. The bank now expects the BoJ to raise interest rates by 25 basis points to 0.50 per cent at its policy meeting this Friday. A rate rise in March had previously been BofA's preferred forecast because it gave the BoJ more time to assess the policies of the new US administration. However, strong price data and the possibility that the BoJ board will need to revise its inflati...
Traders upped their bets that the ECB will cut rates by 100 basis points this year.
According to the Nikkei Shimbun, the vast majority of Bank of Japan board members are expected to support a rate hike next week.
On January 12, the Russian Central Bank has introduced regulations to regulate foreign exchange operations involving digital rights. According to Russian law, digital rights include electronic records such as cryptocurrencies, tokenized securities, and digital tokens. These rights represent claims or obligations related to assets or services. The new decree, which will come into force on January 11, outlines the obligations of residents engaged in such transactions and aims to clearly define and...
Market news: The Bank of Japan is said to be still considering its January interest rate decision.
The Bank of Japan is said to be considering raising its core inflation forecasts for fiscal years 2024 and 2025, with officials still carefully reviewing the data ahead of the January meeting.
January 10 news, the dollar against the yen USD/JPY short-term decline extended to 50 points, now at 157.93. Previously, it was reported that the Bank of Japan is considering raising its core inflation forecast for fiscal years 2024 and 2025. Before the January meeting, Bank of Japan officials are still carefully evaluating the data.
On January 10, Dong Ximiao, chief researcher of China Merchants Finance, said that the People's Bank of China announced the suspension of treasury bond purchases, which will help balance the supply and demand relationship in the treasury bond market. Treasury bond purchases are an important way for the People's Bank of China to release liquidity, but the suspension of treasury bond purchases does not mean that market liquidity is tightened. It is expected that in the next step, the People's Bank...
On January 9th, the People's Bank of China launched a 7-day reverse repurchase operation of 4.10 billion yuan today, because 24.80 billion yuan reverse repurchase expired today, and a net return of 20.70 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Central Bank of China Data" to view > >
On January 8th, the People's Bank of China launched a 7-day reverse repurchase operation of 1.10 billion yuan today. Because the non-reverse repurchase expired today, it achieved a net investment of 1.10 billion yuan on the same day. To see the flow of funds in the open market, go to "Database-Bank of China Data" to view > >
On January 7, HashKey Group announced that it has received VASP registration approval from the Central Bank of Ireland, expanding the market to Ireland. Under the European Union's Fifth Anti-Money Laundering Directive (AMLD5), all crypto service providers in Ireland are required to register with the Central Bank for anti-money laundering (AML) and counter-terrorism financing (CFT) measures. The VASP license approval allows HashKey to provide a variety of crypto services, including fiat-cryptocur...