CENTRAL BANKS
Latin America's Macro Crossroads: From Crisis Hangover to Nearshoring, Rate Cuts, and New Risks
Latin America is projected to grow 2% in 2024, driven by recovery in Argentina and Brazil. Inflation is down, with potential rate cuts ahead, but risks remain high.
Global Economy on Thin Ice: Slow Growth, High Uncertainty, Fragile Confidence
Global growth is slowing, with GDP forecasted to drop from low 3% to low 2% amid rising policy uncertainty and high inflation, leaving the economy fragile and cautious.
Gold Prices Hit Record Highs Amid Fed Rate Cuts and Central Bank Purchases
Gold prices soared to nearly $3,859/oz in September, driven by Fed rate cuts and record central bank purchases, sparking renewed investor interest and significant miner gains.
BIS and Global Central Banks to Explore Asset Tokenization in "Project Agora"
The BIS collaborates with major central banks to study asset tokenization's potential to enhance the monetary system and cross-border efficiencies.
CBDCs on the Rise: What the Decline of Physical Cash Means for Blockchain and Privacy
The decline in the use of physical cash raises important questions about the loss of personal freedom and privacy. As central banks explore the development of CBDCs, the design and implementation of these digital currencies will play a critical role in balancing convenience and personal liberties.
Hong Kong and Israel Central Banks Collaborate on Retail CBDC Prototype
The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have collaborated on a report titled "Project Sela – An accessible and secure retail CBDC ecosystem". The project aims to create a retail central bank digital currency framework that encourages competition and innovation in digital payments.
BIS Launches Project Icebreaker with Central Banks to Explore CBDC
The Bank for International Settlements (BIS) has rolled out Project Icebreaker with the central banks of Sweden, Norway, and Israel to see how CBDCs can be utilized for international remittance and retail payments.
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out central bank digital currencies (CBDCs), according to a study by the Bank for International Settlements (BIS).
Three Major Central Banks Play a Pivotal Role in Bitcoin Adoption
Market analyst Holger Zschaepitz believes that the big three central banks, namely the Federal Reserve (Fed), the Bank of Japan (BoJ), and the European Central Bank (ECB), have been instrumental in Bitcoin adoption.
Central Banks Doubt Cryptocurrency Limited Role in Reserve Operations
A survey conducted by UBS investment bank shows that central banks do not expect a cryptocurrency to replace gold as a digital reserve asset.
National Bank of Georgia Considers Launching Its Own Central Bank Digital Currency
The National Bank of Georgia believes that the CBDCs have become essential for the financial ecosystem to improve financial inclusion and enhance domestic payment systems.
Bahamas Ranks First as The Country with Most Advanced Retail CBDC Development
The Bahamas narrowly beats Cambodia because its CBDC is available to all citizens.
BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency
Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare thoroughly for the rollout of its digital currency with initial experiments expected for this spring.
CBDCs Are Bad News to European Banks, says Bank of America Analysts
Bank of America analysts have made important revelations concerning the launch of CBDCs. They recently disclosed that CBDCs are bad news to European Banks.