Tag: Monetary Policy
Exploring CBDCs: BIS Survey Reveals Rising Interest
Central banks around the world are showing a growing interest in exploring the concept of a central bank digital currency (CBDC), according to a recent survey conducted by the Bank for International Settlements (BIS)....
Maintain Accommodative Monetary Environment to Support Economy
Bank of Japan Governor Kazuo Ueda recently emphasized the importance of maintaining an accommodative monetary policy to support economic growth and ensure that inflation gradually moves towards the 2% target. This statement comes in...
U.S. Inflation Report: Signs of Cooling Boost Risk Assets
As the U.S. economy navigates through uncertain waters, all eyes are on the upcoming inflation report, set to be released under President Donald Trump's tenure. This report holds the key to potential interest-rate cuts...
Swiss National Bank President Dismisses Bitcoin as Reserve Asset
Swiss National Bank President Dismisses Bitcoin as Reserve AssetIn a recent interview with the Tamedia group, Swiss National Bank (SNB) President Martin Schlegel made headlines by dismissing the idea of including bitcoin in Switzerland's...
Indian Central Bank Takes Cautious Approach to CBDC Implementation
The Reserve Bank of India (RBI) is taking a cautious approach to the nationwide rollout of its Central Bank Digital Currency (CBDC), known as the e-rupee. Deputy Governor T. Rabi Sankar stated that the...
Federal Reserve Cuts Rates, Bitcoin Price Hits Record High Amid Powell’s Assurance on Policy
The U.S. Federal Reserve recently made a decision to reduce its benchmark fed funds rate by 25 basis points to 4.5%-4.75%, in line with expectations from the market. This move follows similar actions taken...
BIS ends partnership with mBridge CBDC project due to lack of progress
The Bank for International Settlements (BIS) recently announced its decision to end its partnership with Project mBridge, a central bank digital currency (CBDC) initiative involving the People’s Bank of China, and the central banks...
Proposal for Federal Reserve to Adopt Bitcoin as Reserve Asset at Nashville Conference
Wyoming Senator Cynthia Lummis, known for her support of cryptocurrencies, is planning to propose a bold idea at the upcoming Nashville conference. She wants the Federal Reserve to consider holding Bitcoin as a strategic...
Federal Reserve Boosts Balance Sheet Amid Rate Cut Speculation
The Federal Reserve's balance sheet has seen an increase of $2.6 billion, bringing it to $7.2 trillion. This rise comes amidst speculation about a potential rate cut as inflation cools. Despite the Fed's efforts...
Boost Financial Inclusion and Payment Efficiency in the Middle East with CBDCs
The International Monetary Fund (IMF) recently conducted a survey in the Middle East and Central Asia region regarding Central Bank Digital Currencies (CBDCs) and their impact on financial inclusion and payment efficiency. The survey...
