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Turkey Bans Cryptocurrencies for Payments

Turkey Bans Cryptocurrencies

Turkey's central bank (CBRT) in a surprising move, banned the use of all cryptocurrencies and digital assets to payments for services and goods, citing possible damage and significant transaction risks

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Panetta: A digital euro to meet the expectations of Europeans

Fabio Panetta payments

Let me start by thanking you for inviting me to report on the outcome of the ECB’s public consultation on a digital euro. We are publishing our analysis of the responses we received on our website today

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RBNZ: Monetary Stimulus Continued

Reserve Bank of New Zealand RBNZ inflation

RBNZ will maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending programmes unchanged

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Federal Reserve System publishes annual financial statements

Federal Reserve Monetary Policy

The Federal Reserve System on Monday released the 2020 combined annual audited financial statements for the Federal Reserve Banks, as well as statements for the 12 individual Federal Reserve Banks

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Jerome H Powell: Closing remarks – “Pushing the frontiers of payments: towards faster, cheaper, more transparent and more inclusive cross border payments”

Jerome Powell CARES Act Labor Market border payments

Jerome H Powell, Chair of the Board of Governors of the Federal Reserve System, at "Pushing the frontiers of payments: towards faster, cheaper, more transparent and more inclusive cross border payments"

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Norges Bank: Policy rate unchanged at 0%

Norges Bank CBDC

Norges Bank’s Monetary Policy and Financial Stability Committee has unanimously decided to keep the policy rate unchanged at zero percent. In the Committee’s current assessment of the outlook and balance of risks

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Federal Reserve issues FOMC statement March 2021

fed FOMC statement

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.

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Philip Lowe: Opening remarks at the Melbourne Business Analytics Conference

philip-lowe RBA payments Analytics

I am very pleased to be able to join you, not least because of the theme of this year's conference: Driving Recovery and Growth through Data Analytics. This theme brings together 2 issues that are very close to my heart

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Jens Weidmann re-elected as Chair of the BIS Board of Directors

Deutsche Bundesbank President Jens Weidmann

Deutsche Bundesbank President Jens Weidmann re-elected as Chair of the BIS Board of Directors. Mr Weidmann's third three-year term will start in November 2021. BIS Directors thank Mr Weidmann for his contribution.

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Managing the risks of remote working in financial institutions

ABS

MAS and The Association of Banks in Singapore (ABS) jointly issued today a paper on managing new risks that could emerge from extensive remote working arrangements adopted by financial institutions (FIs) amid the COVID-19 pandemic.

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