The first central bank-backed digital currency

The first central bank-backed digital currency

2021-06-03

  In the digital era, popular trends spread like wildfire and the blockchain-enabled digital currency mania appears to be reaching critical mass. At some point in the near future, the People’s Republic of China (PBOC) will be launching a new “digital yuan”—basically an online version of its existing currency (i.e.Read More →

No end in sight for ECB’s inflation problem

2019-10-01

Unemployment in the eurozone declined to 7.4% in September, its lowest level since August, 2008, the EU’s statistics institute Eurostat said Monday. But this good news about the European economy helps underline the predicament the European Central Bank has long struggled with: the persistent low level of inflation. The ECBRead More →

German tabloid likens ECB’s Draghi to fanged Dracula

2019-09-13

Reuters European Central Bank (ECB) President Mario Draghi speaks at a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, September 12, 2019. Not everyone’s a fan of the European Central Bank’s package of easing measures delivered Thursday. The German tabloid Bild put aRead More →

One man stands between us and a currency war

2019-08-11

Larry Kudlow may be the only thing standing between us and the next leg of a currency war. The president’s chief economic adviser is a “strong dollar” man. “A great country needs a strong currency,” he told CNBC soon after he was tapped last year to join the administration. “IRead More →

3 things to watch for when ECB meets Thursday

2019-06-06

AFP/Getty Images Mario Draghi Over to you, Mario Draghi. After hints of a potential rate cut by Federal Reserve Chairman Jerome Powell and indications that easier policy may be in the offing by Australia’s top monetary policy maker earlier this week, the European Central Bank president is also widely expectedRead More →