The Federal Open Market Committee (FOMC) held interest rates steady at 3.5% to 3.75% on Wednesday in what is almost certainly Jerome Powell’s final FOMC …
MyFintechWeek, the flagship Malaysian fintech event, kicked off this Monday, with digital banking, cross border payments, and sustainability the main areas of focus this year. The second day of the virtual conference started with the keynote speech of Tobias Adrian, Financial Counsellor and Director at the Monetary and Capital Markets Department of the International Monetary Fund.
Given all the problems emerging market traders are facing this year, it would hardly be surprising if many saw "the South Korea cheat" as the solution.
At its meeting on 2 December 2021, the General Board of the European Systemic Risk Board (ESRB) assessed the key systemic risks in the European Union (EU), as well as public policy priorities to address them. The General Board noted that the risk of an abrupt broad-based asset price correction had increased further owing to continued exuberance in credit, asset and housing markets.
Brazilians were the biggest supporters of crypto-recognition, with 56% supporting El Salvador’s move, and 48% saying they want Brazil to follow suit and adopt Bitcoin. Only 4% of Brazilians said that there is no future for crypto currencies in their country.
“Banks are attractive,” Jason argues, “because they are one of the few business models around that – within reason of course – prefer higher interest rates.”
Many would argue that some disruption in this space especially is long overdue. Factoring is expensive, rigid and potentially stifles access to the capital that SMEs need in order to grow. Reforming or replacing this service could redress the balance between SMEs and large corporations.
Bank interest for corporations and households in the Euro area for June. Mainly unchanged, but some statistics to explain the decisions are also included.
Not only does central bank policy remain supportive for equities but a lot of investor cash is also still sitting in money market accounts. This could yet end up in equities given the poor outlook for bonds.
‘Financial market measures of inflation expectations suggest that the near-term strength in inflation is expected to be transitory.’ Much as many economists and the Fed in the U.S. have suggested.
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