Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy. Per the report dubbed “Exploring anonymity in central bank digital currencies,” the European…
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. While the European Central Bank cut the deposit rate to a record low, other major banks could follow it up. Deutsche Bank recently said…
In meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table. Where further cuts to the country’s negative interest rate are concerned. The talk of further…
Central banks around the world continue to pump more stimulus into the economy as they anticipate the beginning of a new financial crisis. In the context of a sluggish economy, loosening of currencies, negative interest rates and ‘normalisation, the balance…
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India. limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed…
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonisation in an…