Central Banks
ECB advances digital euro, tokenised wholesale money at Fondazione ResPublica address
The European Central Bank outlined its digital payments roadmap, with the digital euro pilot set for late 2027 and potential issuance in 2029, alongside new wholesale infrastructure called Pontes and Appia.
Moulin Warns ECB Cannot Guarantee France’s Sovereign Debt Stability
France’s Bank of France Governor Emmanuel Moulin dismissed reliance on the ECB to address rising borrowing costs, stressing fiscal discipline must remain national responsibility.
SNB Chief Backs Stricter Capital Rules for UBS
Swiss National Bank President Martin Schlegel supports the government's proposal for 100 percent equity coverage of UBS foreign subsidiaries, dismissing the bank CEO's criticism of authorities' handling of the Credit Suisse crisis.
ECB Sees Limited Wage Pressures Amid Energy-Driven Inflation
European Central Bank chief economist Philip Lane says wage growth remains moderate despite surging energy costs, limiting inflation risks.
SNB Holds Rates at Zero as Rate-Hike Speculation Stirs
The Swiss National Bank kept its key rate at 0.00% and upgraded its inflation outlook, though economists are divided on when — or if — a rate hike will follow.
ECB's Vujcic Warns Diesel Prices Could Lift Broader Eurozone Inflation
ECB Vice President Boris Vujcic cautioned that persistently high energy costs may dampen growth, tempering market expectations for aggressive rate hikes.
Hungary may cut rates this year if euro plan progresses, deputy governor says
The National Bank of Hungary left its rate steady at 5.5% and cut its inflation target to 2.5%. Deputy Governor Zoltan Kurali said another easing remains possible by year-end if fiscal clarity arrives and euro adoption advances.
FedWatch tool shows 56% chance of September 2026 rate hike
Market pricing shifts after Fed Chair Warsh’s Jackson Hole speech raise odds of a 25-basis-point hike to nearly 56% at the September 16 FOMC meeting.
Morgan Stanley Upgrades BoE Hike Expectations to Two 25-BP Cuts Amid Fiscal Tightening
Analysts at Morgan Stanley revised their forecast for the Bank of England to two quarterly rate hikes—both 25 basis points—following a fiscal backdrop that limits monetary policy flexibility.
U.S. 10-year yield hits 6-week high, bond rout continues
The 10-year U.S. Treasury yield reached 5.225%, its highest level since July 2007, as the bond rout deepens. The 30-year yield also hit a 22-year high.
U.S. Treasury yields hit 20-year highs, pressuring global equities
A bond selloff pushed longer-dated U.S. yields to multi-decade peaks, raising borrowing costs and dampening Asian and global markets.
ECB's Schnabel Expected to Leave Early for IMF Post
The central banker's eight-year tenure was set to run through late 2027, but a switch to the International Monetary Fund may be announced as early as Thursday.
Philadelphia Fed President Paulson signals possible modest rate hikes to curb inflation
Anna Paulson said further tightening may be needed as underlying inflation stays around 2.5%-3%, after the Fed lifted rates to a 3.75%-4% range.
ECB Executive Board Member Isabel Schnabel to Join IMF as Financial Counsellor in January 2027
Schnabel will leave the ECB’s Executive Board on 3 January 2027 and assume the IMF post the following day, after receiving clearance from the ECB’s Ethics Committee. President Christine Lagarde praised her contributions to inflation targeting and institutional modernization.
ECB Director Isabel Schnabel to Join IMF in January 2027
ECB announced that director Isabel Schnabel will leave the central bank early, effective 3 Jan 2027, to head the IMF’s Money and Capital Markets Department from 4 Jan. Her eight‑year term was due to end at the end of 2027.
Federal Reserve Proposes Rules to Implement Stablecoin GENIUS Act
The Fed released two proposals covering capital requirements, reserve rules and the treatment of stablecoin rewards, joining other agencies in finalizing regulations under last year's GENIUS Act.
Fed releases September 2026 Senior Credit Officer Opinion Survey
The Federal Reserve’s September 2026 survey of 17 major dealer institutions finds credit terms on securities financing and OTC derivatives largely unchanged, while hedge‑fund negotiation intensity rose modestly and equity collateral spreads widened.
Fed September Hike Odds Fall to 25% as Soft Inflation Data Lulls Markets
July CPI and PPI came in cooler than expected, pushing rate-hike probability from roughly 60% to a quarter and easing pressure on Fed Chair Kevin Warsh to tighten further.
SNB maintains zero rates amid inflation concerns, defends UBS capital rules
Swiss central bank leaves key rate unchanged at 0%, rejects calls for rate hikes despite inflation pressures and franc weakness.
ECB projects euro area inflation spike to 3% in 2026, growth to slow
The European Central Bank raised its 2027–2028 inflation forecasts and upgraded 2026–2027 GDP growth, projecting headline inflation at 3% next year as energy costs rebound.
U.S. yields hit 5% as PMI data and bond auctions drive market sell-off
U.S. Treasury yields surge past 5% as strong PMI data and failed bond auctions spark sharp sell-off, with traders pricing in another Fed rate hike.
Euro Yields Surge on Strong PMI Data, Boosting Case for More ECB Rate Hikes
Germany's 10-year Bund yield hit 3.549% as flash PMI data showed euro zone business activity accelerating at the fastest pace in over three years, stoking expectations the ECB will continue raising rates.
EZB-Zinserhöhung im Dezember erwartet: Institute sehen weitere Anstiege im Euroraum
Die führenden Wirtschaftsforschungsinstitute erwarten eine weitere Erhöhung der Leitzinsen durch die EZB im Dezember 2024, mit einem möglichen Quartalszins von 2,75 %. Energiepreise und Inflation bleiben zentrale Treiber für die geldpolitische Entscheidung.
SNB Leaves Rates at 0% Amid Rising Swiss Inflation
Swiss central bank maintains benchmark rate at zero percent despite inflation pressures, citing energy price spikes as key driver.
