Search Results for: curb

CATO Institute: CBDC the ‘Single Largest Assault to Financial Privacy Since Creation of Bank Secrecy Act’

par

A central bank digital currency (CBDC) may turn out to be the “single largest assault to financial privacy since the creation of the Bank Secrecy Act,” a policy analysis document released by CATO Institute has said. To stop the U.S. Federal…

Banque d'Amérique, Goldman Sachs, JP Morgan, Prévisions d'UBS concernant de nouvelles hausses de taux de la Fed

par

Banque d'Amérique, Goldman Sachs, JP Morgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, par exemple, now expect the Fed to raise interest rates three more times this year….

Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight

par

Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance,…

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

par

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, avec…

Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto

par

The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other…

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

par

According to the International Monetary Fund (Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria…

Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

par

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 points de base (points de base). The increase brings the United Kingdom’s main lending rate to 3%, after a majority…

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

par

Les Etats Unis. Federal Reserve introduced another jumbo rate hike on Wednesday, nov. 2, 2022, by hiking the federal funds rate (FFR) par 75 points de base (points de base). The American central bank said on Wednesday that the hike aims to curb inflation and…

Les stratèges FX de Citi disent que l'euro pourrait couler $0.86 si la tourmente macro continue

par

While the euro has found support between 0.96 à 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13,…

La Colombie prévoit de lancer une monnaie numérique pour réduire l'évasion fiscale

par

Le gouvernement colombien a révélé qu'il prévoyait de lancer une monnaie numérique. L'un des objectifs de cette nouvelle monnaie serait de lutter contre l'évasion fiscale et de renforcer la traçabilité des transactions effectuées par les citoyens. The proposed measure would also…