Mohamed El-Erian, former chief executive of Pimco and dean of Queen's College, Cambridge, said the Fed might not cut interest rates "for quite some time" in the face of higher-than-expected inflation data, and might even tolerate higher inflation to protect economic growth.
Erian, a prominent columnist and dean of Queen's College, Cambridge, said the current guessing game over the path of the Federal Reserve's monetary policy is causing market volatility. US Treasuries have already suffered a sharp sell-off after a strong September non-farm payrolls report prompted traders to quickly downgrade bets on the Federal Reserve's future sharp interest rate cuts. The decline since Friday has pushed yields on benchmark two-year and 10-year Treasuries above 4% for the first ...
EasyA, a Web3 education platform and incubator founded by graduates of Cambridge University and Wharton Business School, has announced an undisclosed amount of funding through the Web3 Foundation's "Decentralized Futures Grant" to host live hackathons in cities including San Francisco, London and Singapore to attract more Polkadot developers, in addition to launching a new education program "EasyA x Polkadot University".
On June 19, gold market analyst Jan Nieuwenhuijs said that the continuous purchase of gold by the Bank of Thailand may indicate that the country is preparing to use the CBDC cross-border settlement project mBridge to address the imbalance of the CBDC-dominated trading system. Analysts said that the release of the minimum viable product (MVP) by mBridge comes just days after China and Thailand signed a bilateral cooperation framework for local currency transactions. China and Thailand are the two...
6月19日消息,黄金市场分析师Jan Nieuwenhuijs表示,泰国央行不断购买黄金可能表明该国正在准备使用 CBDC 跨境结算项目 mBridge 来解决 CBDC 主导的交易系统的不平衡问题。分析师表示,mBridge 发布最低可行产品(MVP)的前几天,中国和泰国签署了双边本币交易合作框架,中国和泰国是 mBridge 平台的两个首批成员。
On June 7, the cross-border central bank digital currency (CBDC) trading platform Project Mbridge has entered the minimum viable product (MVP) stage, and its infrastructure is now fully functional. According to a press release issued by the Bank for International Settlements (BIS), the project, which began piloting in 2021 in collaboration with the Bank of Thailand, the Central Bank of the United Arab Emirates, the People's Bank of China (PBOC), and the HKMA (HKMA), is now ready for intermediate...
6月7日消息,跨境央行数字货币(CBDC)交易平台 Project Mbridge 已进入最小可行产品(MVP)阶段,其基础设施现已具备基本功能。 根据国际清算银行(BIS)发布的新闻稿,该项目于2021年在泰国银行、阿拉伯联合酋长国中央银行、中国人民银行(PBOC)和香港金融管理局(HKMA)的合作下开始试点,现已准备好进行中间实际价值交易。
The Saudi central bank has joined the Swiss-based Bank for International Settlements (BIS) in announcing project mBridge on Wednesday, a cross-border experiment aimed at using central bank digital currencies (CBDCs) for international trade.
沙特中央银行加入了瑞士总部的国际清算银行(BIS)周三宣布的mBridge项目,该项目是一个跨境实验,旨在利用央行数字货币(CBDC)进行国际贸易。
香港金管局宣布,mBridge项目已进入最简可行产品(MVP)阶段,项目团队将继续优化平台各范畴,并进一步扩大公营及私营机构参与度。 mBridge项目旨在研究...
The President of the Hong Kong Monetary Authority, Yu Wei wen, stated at the sub forum of the Boao Forum for Asia 2024 that the Currency Bridge (referred to as the Multi Central Bank Digital Currency Cross border Network, mBridge) project, in collaboration with the Bank for International Settlements (BIS), the People's Bank of China, and the Bank of Thailand, will be piloted for trade settlement next month, with the participation of 20 central banks. Yu Weiwen hopes to further improve liquidity ...
香港金管局总裁余伟文在博鳌亚洲论坛2024年年会分论坛上表示,与国际清算银行(BIS)、人民银行及泰国央行等合作的货币桥(香港称多种央行数码货币跨境网络,mBridge)项目,下月将试行贸易结算,有20个央行参与。余伟文期望透过相关试点,能够进一步改善流动性及各样基础设施,并且将框架扩大,现时有28家央行以观察员身份参与,相信未来会建立非...