News list for "central bank"
ECB Governing Council member Eskriva said he sees no reason to adjust interest rates and expects monetary policy to remain stable for the foreseeable future. The ECB left its policy rate unchanged on Thursday and raised some of its growth and inflation forecasts, a move that could close the door for further rate cuts in the near future. In an interview, Eskriva was asked about the next possible rate move, saying: "We don't know, but we are open to any change in either direction if necessary, but...
On Thursday, Christine Lagarde, president of the European Central Bank, said preparations for the digital euro, which the ECB sees as a strategic financial instrument, had been completed and were awaiting further approval by government entities. It is expected to be launched in the second half of 2026. "Our goal is to ensure that in the digital age there is a currency that can be a cornerstone of financial stability," Christine Lagarde said. The ECB also called on European Union institutions to ...
On December 8th, the Central Bank of Argentina (BCRA) is considering lifting the long-standing ban on the provision of cryptocurrency trading and custodial services by traditional Financial Institution Groups. This policy shift represents a major regulatory shift from explicit prohibition to management consolidation. Currently, BCRA regulations prohibit banks from offering or facilitating cryptocurrency trading, but the government of President Javier Milei is evaluating regulatory reforms to all...
Mr. Schnabel, the ECB executive, agreed with investors' bets on the ECB's next rate rise. Mr. Schnabel said borrowing costs were already at levels that would remain appropriate for some time barring fresh shocks, while consumer spending, business investment and heavy government spending on defence and infrastructure would still boost the economy. The German hawk noted that economic and inflation risks were skewed to the upside. She hinted that in...
According to gold ten data reported that China's gold reserves at the end of November 74.12 million ounces (about 2305.39 tons), an increase of 30,000 ounces (about 0.93 tons), for the 13th consecutive month of gold holdings.
Stablecoins could accelerate currency substitution in countries with weak monetary systems, weakening central banks' control over capital flows, the international monetary fund warned on Thursday. The rise of dollar-backed stablecoins and their ease of cross-border use could prompt people and businesses in economically unstable regions to prefer dollar stablecoins over local currencies, the international monetary fund said.
According to the World Gold Council (WGC) data, global central banks bought a net 53 tons of gold in October, an increase of 36% month-on-month, the largest monthly increase since 2025. Central banks in emerging markets such as Poland, Brazil, and Uzbekistan are actively buying gold, highlighting the status of gold as a strategic reserve. Year-to-date official net purchases of gold reached 254 tons, with Poland leading the way with 83 tons. According to the WGC survey, 95% of central banks expec...
Last week, Russian Deputy Finance Minister Ivan Chebeskov said financial regulators were ready to drop an exclusive regulatory definition that allowed only a small number of "highly qualified" investors to access decentralized digital currencies such as bitcoin and their derivatives, according to market sources. Vladimir Chistyukhin, the first deputy governor of the Russian central bank, confirmed to reporters: "Indeed, our colleagues in the Ministry of Finance are correct...
Japan's 30-year bond yield hit a record high, driven by persistently high inflation and growing market expectations that the Bank of Japan will raise interest rates later this month. It is up 1.5 basis points at 3.405%. Bank of Japan Governor Kazuo Ueda said on Monday that the central bank will thoroughly discuss the possibility of a rate hike at its upcoming meeting, boosting market expectations for a near-term rate hike. The 10-year bond yield was flat at 1.875%. (Jin Ten)
Lagarde, the president of the European Central Bank, said that the current interest rate level is in an appropriate range, and the European Central Bank is fully prepared for policy. "In my opinion, the interest rate level set by the previous meetings is appropriate," Lagarde said in an interview. "We are always in a good position given that the inflation cycle has been brought under control." Discussing the risks to the inflation outlook, she pointed out that the risk range has narrowed, but if...
