Topic: #central-banks
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Bitcoin holds above $80,000 as Brent slides below $110 and Brazil stocks sink
Bitcoin held just above $80,000 on Oct. 26, CoinDesk reported, as Brent fell below $110 on US-Iran deal hopes and Brazil stocks dropped 20%, ahead of Microsoft and Amazon earnings and three central bank decisions.
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Malaysia, Thailand central banks join Singapore's BLOOM stablecoin initiative
Bank Negara Malaysia and the Bank of Thailand joined Singapore's BLOOM initiative as policymaker members. BLOOM is a public-private push to use stablecoins and tokenized deposits for cross-border payments.
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Bank Negara Malaysia launches SSDS+ ledger platform for tokenized bonds and sukuk
Bank Negara Malaysia launched SSDS+, a distributed ledger platform for issuing and holding tokenized bonds, including sukuk. It links to the RENTAS+ system, which settles the bond payments in central bank money.
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Bank of Canada surveys show firms and consumers expect higher inflation
The Bank of Canada's latest surveys show firms and consumers expect higher inflation, with businesses planning to pass rising input costs on to customers, Bloomberg Markets reported, according to Crypto Briefing.
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Iran central bank chief Hemmati dismisses collapse talk amid reported 73.6% inflation
Iran's central bank governor Abdolnaser Hemmati dismissed claims of economic collapse, Crypto Briefing reported. The outlet put September inflation at 73.6% and the rial's fall against the dollar at about 35% since July.
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RBA signals further rate hikes as inflation fight outweighs property strain
Australia's central bank held rates steady at 4.35% in August but signaled readiness to raise further, prioritizing inflation control even as unemployment rises and global peers ease monetary policy.
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Bank of Japan raises rates to 1%, warns inflation may exceed 2% target
The Bank of Japan raised its policy rate to 1% on June 16, marking its fourth hike since March 2024. Deputy Governor Ryozo Himino warned on June 19 that inflation could exceed the BOJ's 2% target, citing rising energy costs and a weakening yen as primary drivers.