The Institute for Monetary and Economic Studies (IMES) of the Bank of Japan recently conducted a workshop titled "Macroeconomics and Central Banking." This event was held in collaboration with the Bank of Canada and the Federal Reserve Bank of Philadelphia. The IMES Newsletter has provided a summary of the discussions that took place during this joint workshop.
Binance has announced its involvement in the Cybercrime Atlas initiative, which aims to disrupt the global cybercriminal ecosystem through open-source intelligence. The initiative focuses on identifying vulnerabilities and enhancing threat mitigation efforts.
The Bank of Canada has announced a reduction in its target for the overnight rate to 3¾%, with the Bank Rate set at 4% and the deposit rate at 3¾%. This move is part of the bank's ongoing balance sheet normalization efforts.
Good morning. The central bank has announced a reduction in the policy interest rate by 50 basis points, bringing it down to 3.75%. This marks the fourth consecutive decrease since June. "We took a bigger step today because inflation is now back to the 2% target and we want to keep it close to the target," said an official.
Monetary policy efforts in Canada have successfully reduced inflation, bringing it down to around 2%. This level is expected to stay within the Bank of Canada's target range of 1% to 3%. The decline in inflation is attributed to lower energy prices and reduced underlying inflationary pressures. However, the distribution of inflation rates across various components remains broader than usual.
The Bank of Russia has announced a press conference scheduled for October 25 at 15:00, following the Board of Directors' monetary policy meeting. The event will feature Bank of Russia Governor Elvira Nabiullina and Deputy Governor Alexey Zabotkin.
The balance between financial inclusion and macroprudential policy in South Africa is the focus of a recent study. The research examines how these regulations impact bank lending rates and volumes among the country's largest banks. Financial inclusion aims to extend affordable credit, which could affect the stability of the financial sector. In contrast, macroprudential policy seeks to mitigate financial risks.
The Chairman of the House Financial Services Committee, Patrick McHenry, issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) final rule implementing Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. McHenry stated, "The CFPB’s final 1033 rule is a promising step forward to protect Americans’ financial data privacy." He emphasized that consumers should have control over their financial data, including knowledge of where it is going and how it is used. The ability to terminate data collection by certain firms was...
The Bank of Russia has put forward a proposal to the Russian Ministry of Finance to amend legislation concerning the use of QR codes in payments for goods and services. The central aspect of this proposal is that banks will be required to adopt a universal QR code, developed by the National Payment Card System (NPCS).
The Bureau for Economic Research (BER) has been collecting inflation expectations survey data in South Africa since 2000, following the adoption of inflation targeting by the South African Reserve Bank. This survey has provided significant insights for policy-making, academic research, and private sector analysis. However, recent international trends emphasizing microdata in macroeconomics have prompted a reevaluation of the survey's demands and opportunities.
Banks and car dealers are reportedly engaging in practices that may infringe on consumer rights, according to a recent review. Customers are often encouraged to purchase additional services at inflated prices. Contracts are structured in such a way that rejecting these services or obtaining refunds becomes difficult, raising concerns about consumer protection.
Binance has announced that Binance Labs has invested in Lombard, the creator of LBTC, a security-focused Bitcoin liquid staked token. This token allows individual and institutional holders to earn yield on their Bitcoin while leveraging their assets in decentralized finance (DeFi).
The Delhi Police, aided by cryptocurrency exchange Binance, have dismantled a complex scam operated by a fraudulent entity known as “M/s Goldcoat Solar.” This operation resulted in multiple arrests and the seizure of over 100,000 USDT in digital assets.
The corporate lending sector saw continued growth in September, with the rate increasing to 2.0% from 1.9% in August. Companies across various sectors sought both working capital loans and funding for investment projects.
Annual price growth has slowed in 76 Russian regions over September, with the most significant decreases observed in the Sakhalin Region and the Chechen Republic.
U.S. Senator Sherrod Brown has reached out to FEMA Administrator Deanne Criswell seeking detailed information about the National Flood Insurance Program's (NFIP) funding and resource requirements.
On October 18, 2024, the Bank of Russia released two silver commemorative coins in celebration of the 300th anniversary of the Saint Petersburg Mint. These coins are part of the Historical Events series and come in denominations of 3 rubles and 200 rubles.
The value of imports for goods and services saw an increase in the third quarter of 2024. This rise is attributed mainly to heightened domestic demand and a stronger ruble throughout the quarter.
On October 14, 2024, the Bank of Russia's Board of Directors decided to extend conditions for risk-oriented incentive-based regulation. This extension applies to projects focused on technological sovereignty and structural economic adaptation (TS and SAE).
Christine Lagarde, President of the European Central Bank (ECB), and Vice-President Luis de Guindos addressed a press conference in Ljubljana on October 17, 2024. They announced the Governing Council's decision to lower the three key ECB interest rates by 25 basis points. The move aims to address inflation dynamics and strengthen monetary policy transmission.