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Global Central Banks Face An Uneasy Crowd

World

Managing inflation is core to a central bank's mission, and from major players like the U.S. Federal Reserve and the Bank of Japan to regional institutions like the Bank of Canada and the Reserve Bank of Australia, recent events have dealt a blow to their credibility as they play catch up with policy and, in the process, raise the likelihood of recession

Oil Rises On Tight Supply Though Interest Rate Hikes Weigh

BW Online Bureau

Energy & Infra

Brent was on track for its first weekly dip in five weeks, and U.S. crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible recession as central banks joined a chorus of outsized rate hikes

Rate Hikes By Central Banks To Dampen Demand, Prolong Recovery: Sources

BW Online Bureau

Economy

According to sources, decision of various central banks will have a bearing on the demand, thus hurting the global economy which has yet to reach pre-pandemic level

ADB sells $2 billion 10-year global benchmark bond

ANI

ADB sells $2 billion 10-year global benchmark bond

China's Central Bank Joins Cross-Border Digital Currency Pilot

BW Online Bureau

Companies & Markets

Observers globally are watching the e-CNY closely, interested in both lessons they can learn and whether and how the PBOC tries to use it to internationalise the yuan, a long- standing ambition of Chinese authorities.

PayPal To Allow Cryptocurrency Buying, Selling And Shopping On Its Network

BW Online Bureau

Companies & Markets

PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021

Global Watchdogs Agree Rules For Stablecoins Like Facebook's Libra

BW Online Bureau

Companies & Markets

The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanised central banks into putting together rules and into considering how they could launch their own digital currency.

Central Banks Eye Digital Cash To Fend Off Crypto Threat

BW Online Bureau

Companies & Markets

A group of seven central banks coordinated by the Bank for International Settlements set out on Friday how a digital currency could function.

Global Stocks Weighed Down By Virus Angst, Lack Of Stimulus

BW Online Bureau

Companies & Markets Markets Stock Market

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5%. Stocks in China made their strongest gains in three weeks, with the CSI300 index adding 2.2%, a move led by financial companies.

G+D Supports Christine Lagarde’s Demand To Accelerate The Introduction Of The Digital Euro

BW Online Bureau

More Press Release

Central banks and technology companies around the world have been studying and testing Central Bank Digital Currencies (CBDC) approaches and technologies for several years.

RBI To Ensure Orderly Functioning Of Financial Markets As COVID-19 Spreads

BW Online Bureau

Economy India

Global financial markets have been experiencing considerable volatility with the spread of coronavirus triggering risk-off sentiments and flights to safe haven.

Central Banks Urge G20 To Back Cheaper Payments `Roadmap'

BW Online Bureau

Companies & Markets

Central bank digital currencies (CBDCs) - digital money issued and governed by a central bank - could provide a safe and easy means of peer-to-peer payments.

More Central Banks Look To Issue Own Digital Currencies - BIS

BW Online Bureau

Banking & Finance Banking

Some 20% of 66 central banks surveyed by the BIS said they were likely to issue a digital currency within the next six years, up from around 10% a year earlier.