Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Safe eases FX restrictions; FASB proposes changes in restricted cash standards; PBoC expands X-border financing management nationwide; Korea offers tax incentives for R&D; China replaces business tax with VAT; US Fed to vote on derivatives rules; and much more…
The US Federal Reserve’s chair Janet Yellen indicated the US will not raise rates or end bond buying for about six months. Will this clarity help Asia’s major economies?
The US Federal Reserve is expected to begin tapering its asset purchases imminently. FX strategists are arguing it will benefit the US dollar to the detriment of Asia's major currencies. CT asks the experts if this is the case.