In a move signaling continued economic prudence, the People’s Bank of China (PBOC) has maintained its Loan Prime Rate (LPR) unchanged for the fifth consecutive month. This decision, announced on the PBOC’s official platform, sees the one-year LPR remaining at 3.45% and the five-year LPR steadfast at 3.95%. But what does this steady stance on […]
In a move watched closely by global markets, particularly those in cryptocurrency, the Bank of Japan (BOJ) has announced it will maintain its interest rate steady at 0.5%. This decision, reported by Nikkei, comes after the Japanese central bank cautiously increased rates by 25 basis points in January, moving from a previous 0.25%. Understanding Japan […]
Get ready for a groundbreaking shift in South Korea’s financial landscape! The Bank of Korea (BOK) is about to embark on an exciting journey into the realm of digital currency with its ambitious Central Bank Digital Currency (CBDC) pilot, aptly named ‘Hangang.’ This initiative isn’t just about technological advancement; it’s about reshaping how everyday South […]
Is Bitcoin’s journey to mainstream financial acceptance hitting a roadblock? In a surprising move, the Bank of Korea (BOK), South Korea’s central bank, has firmly stated it has no intention of including Bitcoin in its foreign exchange reserves. This revelation, stemming from a formal inquiry by lawmaker Cha Gyu-geun, marks the BOK’s first public declaration […]
In a surprising move that sent shockwaves through financial markets, the Bank of Korea (BOK), South Korea’s central bank, has announced a significant reduction in its base interest rate. The rate has been lowered by 25 basis points, bringing it down from 3.0% to 2.75%. This unexpected decision, revealed on their official website, has sparked […]
Is Bitcoin about to take a monumental leap from a volatile digital asset to a respected reserve asset, sitting alongside gold and fiat currencies in central bank vaults? The Governor of the Czech National Bank, Aleš Michl, is urging his peers to seriously consider this possibility. Let’s dive into this intriguing development and explore what […]
Is your crypto safe? That’s the burning question on everyone’s mind in the digital finance world. In a significant move highlighting the growing global concern around digital asset security, the Italian central bank recently convened with crypto service providers. This meeting, held at the prestigious Assiom Forex Congress, signals a proactive step by Italy to […]
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