Powell, the Fed's chairman, discovers inflation to be a more obstinate foe than expected.

The central bank chief is balancing between managing inflation and precipitating a recession.

Whiplash, to say the least.

The Federal Reserve raised interest rates for the fourth time in a row on Wednesday, coupled with a statement that Wall Street read as a signal that it mig...

Retail CBDC pilot to be started by Bank of Thailand

The retail Central Bank Digital Currency (CBDC) pilot programme, slated to run from late 2022 to mid-2023, has officially begun, according to the Bank of Thailand.

The study, which will concentrate on the growth of retail CBDC and its potential effects across the banking sector, will ma...

The European Central Bank (ECB) has released its bug report on the proposed EU Artificial Intelligence Act

Grace is a lifelike robot nurse created with artificial intelligence to provide emotional support to patients during a pandemic and make them feel at peace.

Artificial intelligence (AI), a self-teaching system that recognises patterns in previous data, is pervasive in all aspects of lif...

BANK OF KOREA GOVERNOR SAY NO TO BITCOIN, YES TO DIGITAL CURRENCY

Highlights:

•             Lee Ju-yeol considers bitcoin to be an asset with no intrinsic value

•             He supports the idea of central bank d...

CNB & NIGERIAN SECURITIES AND EXCHANGE OFFICIALS ASKED TO EXPLAIN BAN ON CRYPTOCURRENCY

Highlights:

•             There has been widespread opposition to the crypto ban in Nigeria

•             The Senate has now asked the officials th...

REGIONAL BANKS IN JAPAN TO RECEIVE ADDITIONAL INTEREST OF 0.1% BY BOJ

Highlights –

• Regional banks in Japan to receive additional interest of 0.1% by BOJ.
• BOJ to provide additional interest on the balance of current account deposits.
• BOJ would pay up to 50 billion yen a year to regional lenders.
<...

BANK OF JAPAN BEGAN POLICY MEETING TO DISCUSS COUNTRY’S CURRENT MONETARY MEASURES

Highlights –

• Bank of Japan began policy meeting to discuss country’s current monetary measures.
• BOJ is likely to maintain its ultraeasy monetary policy.
• BOJ expects the country’s economy to shrink by 4.7 percent more.
...

BANK OF JAPAN TO BEGIN SUBSTANTIVE TESTING OF DIGITAL CURRENCY

Highlights –

• Bank of Japan to begin substantive testing of digital currency.
• A team of 10 or so members was formed by BOJ to work on digital currency issues.
• Central bank digital currency needs BOJ to ensure their two functions are c...

KNOW ABOUT ASHWINI BHATIA, THE NEXT SBI MD RECOMMENDED BY BANKS BOARD BUREAU

Highlights

• Along with Ashwini Bhatia for SBI, MV Rao and PP Sengupta are also recommended by the BBB for the post of MD at the Central Bank of India and Indian Overseas Bank

• According to the official statement, BBB had interactions with 20 contenders from various...

Iranian Central Bank Governor Claims Economy Overcoming Recession

Abdolnaser Hemmati, the governor of the Central Bank of Iran (CBI), has said that despite some efforts been made to present a negative image of Iran’s economic future, CBI data proved that the economy had a relative stability and it was overcoming recession. Hemmati believes that Iranian ec...

China could loosen its monetary policy due to the trade war deal

According to the analyst, Central bank in Beijing keen to ease monetary policy at home on account of the phase one trade deal between the United States and China. It will let fluctuate the yuan exchange rate.

The People’s Bank of China published its work plan for 2020. It said tha...

USD Treads Water in Holiday-Thin Trade as the focus remained on U.S.-China trade progress

The U.S. dollar was flat in holiday-thin trade on Friday as the focus remained on U.S.-China trade progress. But Latin American currencies remained active, with more sharp moves being seen by the real Brazil.

U.S. President Donald Trump signed a law supporting protests in Hong Kong on W...

NPA divergence deficit rose substantially

Finance sector of India this year has failed miserably and is in the worst condition it has ever been recorded to be, the nation has been experiencing major issue fro the economic growth which has been failing miserably and slowing down and is aided in rapid succession by the global economic slow...

Singapore and USA Signs Finance Agreement

The Agreement to boost cooperation in infrastructure finance and the market building is signed by Singapore and the United States, said the Ministry of Finance (MOF) on Thursday (Oct 17).

Singapore’s Minister, Second Minister for Finance Indranee Rajah and US Deputy Secretary of T...