Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation,… Read more »
© Reuters. By John Revill ZURICH (Reuters) – The Swiss National Bank hiked its foreign currency interventions to their highest level since the Brexit referendum in 2016, data on Monday… Read more »
The Swiss National Bank decided to leave the cash rate unchanged at -0.75 percent, leaving the 3-Month Libor Target Range unchanged between -1.25% to -0.25%. On its monetary policy assessment,… Read more »
By John Revill ZURICH (Reuters) – The coronavirus outbreak is fuelling investor demand for the Swiss franc, Swiss National Bank vice-chairman Fritz Zurbruegg said, with the impact on the country’s… Read more »
FX strategist at Scotiabank cites the relative stability of EUR/CHF (above and around 1.06) in the past two weeks while turmoil in markets elsewhere suggestive of SNB intervention to hold… Read more »
There will be no additional break periods in China amid the virus outbreak The Chinese commerce ministry says that the national economic and technical development zones will resume production –… Read more »
“The virus’s ability to spread seems to be getting somewhat stronger” China’s National Health Commission Minister Ma Xiaowei today said the incubation period for the virus can range from one… Read more »
Chicago Fed national activity index for December 2020 Chicago Fed national activity index for December -0.35 versus +0.13 estimate prior month was revised lower to +0.41 from +0.56 the 3 month… Read more »
If 2018 and 2019 were years of central banks talking the blockchain talk, a number of experts believe that 2020 may be the year when they begin to walk… Read more »
This past Friday, Chinese Presiden Xi Jinping stepped out in support of blockchain technology during a meeting of the Political Bureau of the Chinese Communist party’s Central Committee. Specifically, Jinping… Read more »