South Korea’s foreign exchange reserves experienced a decline in March, despite the strengthening of the South Korean won against the US dollar. This seemingly contradictory situation highlights the […]
South Korea’s Central Bank to Discuss Stablecoin Issuance
The South Korean central bank, the Bank of Korea (BOK), is preparing for a crucial meeting on August 23rd in Seoul, specifically at Jung-gu Bank Hall. This gathering […]
Brazil’s Central Bank to Integrate Drex Data for Real-Time Interest Rate Decisions
Brazil’s central bank will incorporate transaction data from its digital currency, Drex, into its interest rate decisions. Henrique Videira, executive at the central bank, announced this new approach […]
Central Banker Warns Crypto Losses Could Damage Trust in Traditional Banking
Fabio Panetta, a policymaker at the European Central Bank (ECB), has raised concerns about the potential damage to consumer trust in traditional banking if cryptocurrency users experience losses […]
New Zealand Central Bank Cuts Interest Rate for Sixth Time in a Row
The Reserve Bank of New Zealand has lowered its policy interest rate by 0.25 percentage points to 3.25%, marking the sixth consecutive decrease. This move aligns with market […]
Central Banks Confront New Monetary Policy Hurdles at Tokyo Conference
The Bank of Japan’s annual conference, set to begin this Tuesday in Tokyo, echoes the Federal Reserve’s Jackson Hole symposium. This year’s event will bring together influential economists […]
New Zealand Central Bank to Lower Interest Rates for Sixth Consecutive Time
The Reserve Bank of New Zealand is expected to lower its key interest rate for the sixth time in a row, potentially signaling further easing in response to […]
Powell Hints at Rate Cut, Sending Markets into Turmoil
In a speech that shook global markets, Federal Reserve Chair Jerome Powell offered hints of a potential interest rate cut. While refraining from definitive promises, his comments ignited […]
Gold Remains a Top Choice for Central Banks as Bitcoin Challenges Persist
Central banks continue to favor gold as a safe haven asset, despite renewed attention on cryptocurrencies like Bitcoin. Peter Schiff’s recent comments highlight this trend, arguing that gold […]
Japan’s Interest Rate Hike Stalled: Weak Domestic Demand Holds Back BoJ
Japan’s interest rate decision is facing mounting obstacles as domestic demand remains weak, according to former Bank of Japan committee member Sayuri Shirai. Shirai argues that the central […]
New York Fed & BIS Launch Project Pine to Study Tokenized Financial Markets
The New York Federal Reserve and the Bank for International Settlements (BIS) have launched Project Pine, a research initiative exploring the role of tokenization in financial markets. This […]
Saudi Arabia’s Central Bank Invests in MicroStrategy: Signals Growing Interest in Bitcoin
The Saudi Arabian Central Bank has publicly confirmed ownership of 25,656 shares in MicroStrategy Inc., a move revealing their growing interest in Bitcoin. This investment marks the kingdom’s […]
Why Central Banks Are Buying Gold: Implications for Investors
In a world marked by geopolitical tensions, persistent inflation, and shifting monetary landscapes, central banks worldwide are quietly increasing their gold reserves. These strategic additions go beyond mere […]
Crypto Market Brace for Central Bank Rate Decision in September
The cryptocurrency market is anticipating decisions from central banks regarding interest rate adjustments this September, focusing on the potential impact on decentralized finance (DeFi). Experts believe these changes […]
South Korea’s Central Bank Calls for Control Over Won-Based Stablecoin Issuance
The South Korean central bank is urging authorities to have legal control over the issuance of stablecoins pegged to the Korean won. This action comes as the Bank […]