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The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. After an unprecedented streak of eurozone rate hikes beginning in mid-2022 to tame runaway energy and food costs, inflation has been slowly coming down towards ...
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If and when there is any progress to a central bank digital currency in Australia, the use case or use cases will be “in a wholesale sense”, Michele Bullock, governor of the Reserve Bank told Senate Estimates yesterday. “That’s where we are going at the moment; trying to stand that up … in the atomic settlement of assets.” In August last year, the Reserve ...