News list for " central cooperation"
The German Central Cooperative Bank (DZ Bank) has started piloting a retail cryptocurrency solution with the first bank, Westerwald Bank, to open a crypto wallet and start trading. The other cooperative banks are expected to go live in 2025, but the exact timing depends on each institution. In March, DZ Bank partnered with the Stuttgart Stock Exchange (Börse Stuttgart) to offer retail cryptocurrency trading and custody services to its clients. DZ Bank serves 737 community banks, known as Volks ...
Sonja Marten, analyst at the Bundesbank, said in a note that a Trump victory could benefit the dollar by reducing the likelihood of a Fed rate cut. Trump's tariff and immigration plans are expected to stoke inflation, while tax cuts would lead to a short-term economic boom, she said. "All of this would significantly reduce the likelihood of a Fed rate cut. In this case, expect a clear and positive response from the dollar."
Birgit Henseler, analyst at the Bundesbank, said money markets were still divided on whether the Fed would cut interest rates for the first time by 25 basis points to 50 basis points, but there were several reasons why the Fed should not take a major step. "Neither labour market data nor recently announced inflation rates suggest a need for a significant rate cut," she said in a note. Henseler said labour market conditions pointed to a slowdown rather than a recession, with core inflation the mo...
