Search results for "BANK"
12:35

Hungary's Central Bank Governor: The global economic rise engine has shifted east.

Jin10 data reported on August 25, local time on the 25th, Hungarian Central Bank Governor Mihály Varga stated at the opening ceremony of the 2025 Asian Financial Cooperation Association (AFCA) Financial Summit Forum held in Budapest that at the turn of the century, Asia accounted for 26% of the world's GDP, and this proportion is expected to rise to 46% by 2024, while during the same period, Europe's share fell from 30% to 21%. Asia currently accounts for half of global exports and investments, and the future growth engine has shifted eastward. Hungary hopes to become an important promoter of economic and financial cooperation between the East and West, serving as the economic gateway from Europe to Asia.
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01:03

Ueda Kazuo: The tight labor market is expected to continue to exert upward pressure on wages.

The Governor of the Bank of Japan, Kazuo Ueda, stated at the Jackson Hole Central Bank annual meeting that the tight labor market will continue to drive wages upward, indicating that stable inflation is about to be established. Wage rise has expanded to small and medium-sized enterprises, and it is expected to not weaken due to negative demand shocks, which may trigger market speculation about another rate hike.
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12:20

The European Central Bank responds to the operation of the digital euro on public chains like Ethereum: No final decision has been made yet.

Odaily News In response to previous reports that European officials are now considering running the digital euro on public blockchains such as Ethereum or Solana, rather than the private blockchain that was previously expected due to privacy concerns, the European Central Bank stated that since the passage of the stablecoin bill in the United States, EU officials have been rethinking the digital euro plan, considering different technologies when developing the digital euro—including centralized and decentralized options, as well as Distributed Ledger technology. No final decision has been made on this matter. (Cailian Press)
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00:33

In August, the MLF net injection was 300 billion yuan, and the Central Bank's policy may focus more on "implementation and detail."

The Central Bank will carry out a medium-term lending facility (MLF) operation of 600 billion yuan, with a net injection of 300 billion yuan in August, indicating a continued easing of monetary policy. Although the space for reserve requirement ratio cuts is limited, the focus of policy may shift to flexible implementation and precise transmission to protect credit and market expectations.
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14:26

Powell: The previous framework placed too much emphasis on specific economic conditions. The new framework aims to adapt to various economic conditions.

Golden Finance reports that Fed Chairman Powell stated at the Jackson Hole Global Central Bank Annual Meeting that the previous framework overly emphasized specific economic conditions, which may have led to some confusion; the new framework aims to adapt to various economic conditions. When there are conflicts between the Fed's goals, the new framework requires a balanced response.
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13:02

TD Securities: The combination of trade uncertainty and rate cut expectations will continue to put pressure on the Canadian dollar in the short term.

Against the backdrop of uncertain trade prospects between the US and Canada and market expectations of a rate cut by the Central Bank of Canada, the Canadian dollar has fallen to a three-month low against the US dollar. The Canadian dollar is expected to remain under pressure in the short term due to ongoing risks related to the trade protocol. The latest inflation data came in below expectations, increasing the likelihood of a rate cut.
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TRUMP-3.15%
04:48

Survey: The New Zealand Reserve Bank may cut interest rates twice more this year to 2.50%.

Jin10 data reported on August 22, Reuters' survey shows that most economists believe the Reserve Bank of New Zealand may cut interest rates twice more this year to 2.50%. The Reserve Bank of New Zealand's rate cut this Wednesday aligns with economists' and financial markets' expectations, but the unexpected downward revision of the path for the Official Cash Rate (OCR) and two votes in favor of a more significant cut of 50 basis points prompted economists to revise their outlook for the future. Over 75% of the surveyed economists (13 out of 17 economists) predict a cut of 50 basis points this year, while a survey conducted before the meeting showed that economists held two views: one being no further rate cuts and the other only a further cut of 25 basis points. Four economists believe there will be a slight adjustment down to 2.75%. Nearly 90% of economists (15 out of 17 economists) expect the next meeting on October 8 to result in a cut of 25 basis points. Two expect no changes.
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00:50

Gate Daily (August 22): Kanye officially launched the meme coin YZY; Trump is expected to restore 18th-century laws; State Street Bank joins JPMorgan's tokenization platform.

Bitcoin (BTC) has once again fallen into a correction, temporarily reported at around $112,790 on August 22. Six months from now, Kanye West will officially launch the meme coin YZY on Solana. The U.S. has proposed to restore an 18th-century law so that President Trump can authorize private citizens to combat cryptocurrency fraudsters. State Street Bank joins JPMorgan's tokenization debt platform.
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YZY-19.76%
TRUMP-3.15%
02:20

CMB International raises the target price of Pop Mart to 394 yuan and reiterates a "Buy" rating.

On August 21, Jin10 reported that CMB International released a research report indicating that Pop Mart (09992.HK) had a strong performance in the first half of the year. The bank raised its profit forecast for 2025-27 by 39-49% and increased the target price to HKD 394. The company remains the bank's top pick in the consumer sector, and the bank continues to be optimistic about the company's IP operation capabilities and global expansion progress, reaffirming its 'Buy' rating. The report stated that the company's performance in the first half of 2025 saw explosive growth, with revenue reaching 13.88 billion yuan (the same below), a year-on-year rise of 204.4%. The adjusted net profit attributable to shareholders reached 4.71 billion yuan, a significant year-on-year rise of 362.8%. The gross profit margin and adjusted net profit margin increased by 6.3 and 11.6 percentage points year-on-year to 70.3% and 33.9%.
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14:50

The Central Bank of Israel has kept the interest rate unchanged for the 13th consecutive time.

On August 20, Jin10 reported that the Central Bank of Israel has maintained interest rates for the 13th consecutive time, cautiously weighing the economic slowdown against the ongoing uncertainty brought about by the Gaza conflict. On Wednesday, the bank kept the benchmark interest rate at 4.5%, in line with market expectations. The day before this decision, Prime Minister Netanyahu's cabinet approved a budget increase equivalent to about 1.5% of GDP to cover war expenses. This year's revised budget added 30 billion shekels (about 8.8 billion USD) in defense spending, raising the estimated fiscal deficit from 4.9% to 5.2%. Israel plans to take control of Gaza City in the coming weeks, a move that will require the mobilization of tens of thousands of reserve soldiers and may further exacerbate supply chain tensions. A new ceasefire proposal put forward by Egypt and Qatar, which has been accepted by Hamas, could delay or even cancel the aforementioned plans. However, Israel has not yet clarified whether it is willing to cease fire immediately.
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14:11

Opinion: If Hasset is elected as the Fed chair, the independence of the Fed is concerning.

Odaily News Although acknowledging that Hasset is qualified for the position, Alan Sinha of Decision Economics expressed concerns about the independence of the Fed under his appointment. Sinha pointed out: "If a low interest rate policy is pursued for political purposes — which is a strong advocacy and direction of the Trump administration — it will be seen by the market as executive interference in the Central Bank, thereby constituting macro risk."
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TRUMP-3.15%
13:44

Da Ming Securities: It is expected that the Reserve Bank of New Zealand will cut interest rates again in October and November.

Jin10 data reported on August 20th that TD Securities strategists stated that the latest interest rate cut by the Reserve Bank of New Zealand was within market expectations, but what surprised the market was the implication that further cuts are expected in the future. Prashant Newnaha wrote: "We will not ignore this signal." He pointed out that two committee members voted for a 50 basis point cut, and this dovish shift occurred while the acting governor still judged the likelihood of inflation exceeding 3% this year to be 50/50. The Reserve Bank of New Zealand's confidence in the existence of idle capacity in the New Zealand economy may have been strengthened by labor market data significantly below May expectations. Even in the face of rising inflation risks, the Reserve Bank appears determined to move towards further interest rate cuts. As a result, TD Securities has adjusted its forecast, now expecting the Reserve Bank of New Zealand to cut rates by 25 basis points in both October and November, with a terminal interest rate reaching 2.50%.
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13:23

UK government bonds rebound as high inflation still fails to change interest rate cut expectations

Jin10 data reports on August 20, the UK government bonds rebounded strongly on Wednesday, with the 10-year yield ending a four-day streak of rises. The yield is heading towards its largest drop in a month. The inflation report had little impact on this year's rate cut expectations, but bets on further cuts next year have increased. Swap contracts currently imply about a 75% probability of the interest rate being lowered to 3.5% by the end of next year, a shift that partly explains the movement of UK government bonds. Macro strategist Conor Cooper said: "Many still believe that regardless of inflation, the Bank of England will eventually lower rates to below 3.75%. If the Bank of England is forced to maintain tight policy in the short term to ensure inflation is controlled, then the already troubled economy will bear even greater pressure, ultimately requiring a faster pace of rate cuts than previously envisioned after inflation stabilizes. This is favourable information for UK government bonds and may also be a factor that traders will consider when interpreting UK inflation data in the coming months."
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08:51

Analyst: Single data difficult to change the UK Central Bank's tendency to cut interest rates, British Pound hard to maintain its rise.

Jin10 data reported on August 20, Monex Europe analysts stated in a report that after the UK announced inflation data higher than expected on Wednesday, the pound may struggle to maintain its appreciation momentum. Analysts indicated that a single data point is unlikely to significantly alter the Central Bank of the UK’s inclination to cut interest rates against the backdrop of a weak labor market. "We still expect that growth resistance and the upcoming fiscal tightening will force the Central Bank of the UK to cut rates again later this year, which will make the pound more sensitive to external factors and the risks clearly skewed to the downside." The annual inflation rate in the UK rose to 3.8% in July, up from 3.6% in June, also exceeding the market expectation of 3.7%.
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07:58

Lagarde: The results of the US-EU trade protocol are not far from the baseline assumptions of the European Central Bank.

On August 20, Jin10 reported that European Central Bank President Lagarde stated on Wednesday that the trade agreement between the United States and the EU is slightly on the high side, but not far from the baseline assumption of the European Central Bank. She stated: "The trade agreement establishes that the effective average tariff for U.S. imports of Eurozone goods is estimated to be between 12% and 16%." "This effective average tariff rate is slightly higher than the assumed scenario used in our baseline forecast in June, but still close to it." Lagarde said: "The outcome of the trade agreement is far below the severe situation where U.S. tariffs exceed 20%."
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03:20

Analysts: The Central Bank of Thailand is expected to continue lowering interest rates.

Jin10 data reported on August 20 that analysts from CGS International stated in a research report that the Central Bank of Thailand may continue to cut interest rates. They mentioned that the Central Bank had signaled earlier this month during a meeting that the policy interest rate could be further lowered. Analysts expect that Vithai Ratanakong, who will assume the position of new governor on October 1, will lower the policy interest rate by 25 basis points each in October and December, bringing the rate down from the current 1.50% to 1.00%. Analysts pointed out that considering the Fed is expected to cut interest rates before the end of the year, this would allow the Central Bank of Thailand to continue easing monetary policy without excessive concern about capital outflows.
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01:15

WFI (WeFi) 24-hour pump 16.07%

Gate News Bot news, on August 20, according to CoinMarketCap data, WFI (WeFi) is currently priced at 0.61 USD, having risen 16.07% in the last 24 hours, with a high of 0.62 USD and a low of 0.41 USD. The current market capitalization is approximately 22.8 million USD, an increase of 3.16 million USD compared to yesterday. WeFi is a decentralized crypto bank that offers global payments, earnings, ATM withdrawals, and non-custodial accounts. WeFi integrates cryptocurrency and fiat assets, allowing users to easily earn, transfer, and spend assets through a single application. The platform supports over 7,000 crypto assets and provides virtual and physical cards that can be used at over 1.4 million merchants worldwide. WeFi has also launched a decentralized loyalty program called "Energy" to reduce fees, increase APR, and unlock WeFi.
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ATM0.17%
14:56

U.S. stocks opened lower, with Home Depot's earnings report and the Jackson Hole meeting in focus.

According to ChainCatcher news, Jin10 reported that the U.S. stock market opened lower on Tuesday, as Home Depot's earnings report kicked off a series of key retail company performances, with investors also following this week's central bank annual meeting to assess the interest rate path. The S&P 500 index opened down 0.1%, the Nasdaq 100 index fell 0.5%, and the Dow Jones Industrial Average rose 0.2%. Stephen Schwartz, founding partner of Vanguard Financial, stated that Powell's speech on Friday could become a turning point for the market, with expectations of signals indicating a possible rate cut in September.
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14:55

Institution: The Central Bank may cut interest rates next month due to mild inflation.

Jin10 data, August 19th: Desjardins Group of Canada maintains its forecast for a rate cut by the Central Bank of Canada next month, citing relatively moderate inflation data for July. Overall inflation slowed to 1.7% in July, down from 1.9% the previous month. The inflation rate excluding indirect taxes also decreased from 2.5% to 2.2%. With the Canadian government deciding in March to eliminate the consumer carbon tax, the Central Bank of Canada is closely monitoring this tax-excluded indicator. However, core inflation excluding volatile items such as food and energy remains high, with the core inflation metric preferred by the Central Bank still above 3%. Economist Royce Mendes stated that the data suggests price increases related to tariffs may occur in March and April, potentially earlier than the expectations of the Central Bank of Canada. "Recent price data shows that price growth is normalizing."
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09:11

Analyst: If core inflation falls, the Canadian dollar may weaken.

Jin10 data reported on August 19, FP Markets analyst Aaron Hill stated in a report that if the data released later today indicates an unexpected decline in Canada’s core inflation for July, the Canadian dollar may weaken. He pointed out: "If the core inflation indicator falls below 3.0%, it may prompt investors to increase their bets on interest rate cuts, thereby putting pressure on the Canadian dollar." LSEG data shows that the market currently expects a 31% chance of the Central Bank of Canada cutting rates by 25 basis points at the September meeting, with a 69% chance of maintaining the interest rate.
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00:59

UTK (xMoney) rose 14.96% in the last 24 hours.

Gate News Bot news, on August 19, according to CoinMarketCap data, UTK (xMoney) is currently reported at $0.04, rising 14.96% in the last 24 hours, with a high of $0.04 and a low of $0.03. The current market capitalization is approximately $24.7 million, an increase of $3.22 million compared to yesterday. xMoney is a financial ecosystem that empowers businesses in the digital economy. The platform provides integrated services such as global payment acceptance, financial management, transaction splitting, and card issuance. xMoney is a major member of Visa and MasterCard, holds an electronic money institution license, is regulated by the Romanian Central Bank, and complies with MiCA regulations. xMoney's services include payment processing, subscription management, marketplace platform solutions, card issuance, and more, dedicated to providing security for businesses.
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UTK-2.1%
14:49

U.S. stocks opened steady, with the market following the Central Bank annual meeting and the wave of retail earnings reports.

According to ChainCatcher news and Jin10 reports, the US stock market remained stable overall after opening on Monday. The market is following the White House's meeting regarding the Russia-Ukraine conflict, while traders prepare for upcoming retail earnings reports and the Jackson Hole annual meeting this week. The three major US stock indices opened with slight fluctuations between rises and falls. Corpay Chief Market Strategist Karl Schamotta stated that the market is confident that the Fed will cut interest rates in September, but the data released over the past two weeks has not provided solid evidence for easing.
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12:08

Emerging markets edged higher as investors focused on the Trump-Zelensky talks.

On August 18, Jin10 data reported that emerging market assets rose slightly ahead of talks between Trump and Zelensky, with investors focusing on whether there will be signs of progress in the Russia-Ukraine peace protocol. The MSCI Emerging Markets Stock Index briefly rose by 0.6%. Investors remain cautious ahead of the Jackson Hole annual meeting later this week, as Powell’s speech may hint at the possibility of interest rate cuts in September. "The strong performance of risk assets has been remarkable, and valuations are increasingly stretched," wrote a team led by Deutsche Bank analyst Jim Reid in a report. The team led by Mark Haefele, Chief Investment Officer of UBS Global Wealth Management, stated in their report that given the huge gap in negotiating positions and the lack of decisive progress on the battlefield, "we expect the Russia-Ukraine conflict to continue into next year. Any negotiation process will be prolonged due to a lack of trust and the significant gap in objectives, and any protocol may be subject to skepticism."
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TRUMP-3.15%
00:17

An additional 21.4 trillion yuan flows into A-shares? Multiple brokerages interpret this.

Central Bank data shows that non-bank deposits increased by 2.14 trillion yuan in July, setting a new historical record, and the market has reacted enthusiastically to this. Analysts point out that the new deposits may flow into the stock market, leading to a rise in margin deposits at securities companies. However, some brokerages remind investors to treat market sentiment rationally and note that investors mainly enter the equity market through indirect means such as fixed income + funds.
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12:32

The Danish Prime Minister stated that Netanyahu himself has become a "problem" and plans to push the EU to exert pressure on Israel.

On August 16, Jin10 reported that Danish Prime Minister Frederiksen, who holds the rotating presidency of the EU, sharply criticized Israeli Prime Minister Netanyahu, stating that he has become a "problem" himself, and indicated that Denmark would push the EU to exert greater pressure on Israel. Frederiksen said, "We want to increase the pressure on Israel, but this position has not yet received widespread support from other EU member states." She mentioned that the pressure measures being considered by the Danish government include sanctions against the Israeli government, officials, and Jewish settlers in the West Bank. Since late July, France, the UK, Canada, and Australia have announced plans to recognize the State of Palestine at or before the 80th United Nations General Assembly scheduled for September, further isolating Israel internationally.
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16:02

Federal Reserve to Discontinue Crypto and Fintech Bank Supervision Program

Gate News bot message, according to Reuters, the U.S. Federal Reserve has decided to end its specialized program focused on monitoring banks' cryptocurrency and financial technology activities. The central bank's move dissolves a team of about 20 employees established in recent years to examine how
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10:11

Central Bank: Continuously optimize the credit structure, promote the adaptation of credit supply to economic structure adjustments and dynamic economic balance.

Jin10 Data, August 15 - Central Bank: In the next stage, the financial system will continue to adhere to the fundamental purpose of serving the real economy, focusing on major national economic strategies, key areas, and weak links, supporting the main lines around technological innovation and expanding consumption, continuously optimizing the credit structure, promoting the adaptation of credit supply to economic structural adjustments and dynamic balance, further meeting the effective financing needs of the real economy, and providing stronger and more efficient support for high-quality economic development.
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04:50

Wang Qing: The Central Bank may implement further reserve requirement ratio cuts and interest rate reductions around the beginning of the fourth quarter.

Jin10 data reported on August 15, Chief Macro Analyst Wang Qing from Dongfang Jincheng stated that in August, the Central Bank will continue to inject medium-term Liquidity through MLF and reverse repos. He also expects that the Central Bank may implement further reserve requirement ratio and interest rate cuts around the beginning of the fourth quarter.
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01:58

The Houthi armed forces condemn Israel's atrocities in Gaza and the West Bank.

Jin10 data reported on August 15, local time on August 14, that Abdul-Malik al-Houthi, the leader of the Houthi armed group in Yemen, delivered a televised speech, severely condemning the atrocities committed by Israel against Palestinians in Gaza and the West Bank, and stated that military actions against Israel would continue in support of Palestine. Abdul-Malik al-Houthi claimed that Israel was deliberately creating famine and malnutrition in the Gaza Strip, and was committing genocide against the people of Gaza by any means necessary. In the past week, Israel has caused approximately 3,500 casualties in Gaza, including many who came for aid supplies. He also condemned Israel's plans to occupy Gaza and its ambitions to annex the West Bank.
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01:41

The UN Secretary-General calls for Israel to immediately stop advancing the "E1 area" settlement plan.

Jin10 Data reported on August 15 that UN Secretary-General António Guterres' spokesperson Stéphane Dujarric issued a media statement on the 14th, stating that Guterres calls on the Israeli government to immediately stop plans to advance the construction of settlements in the "E1 area" of the West Bank. The statement said that the UN's position is very clear: the settlements established and maintained by Israel in the West Bank, including East Jerusalem, violate international law. The settlements further entrench the occupation, exacerbate tensions, and systematically undermine the viability of a Palestinian state as part of a "two-state solution."
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02:22

Foreign capital inflow helps Indonesia's stock index hit a historic high.

The Indonesian Benchmark stock index is expected to reach a historic high, with foreign investment returning to the market, and net purchases in July reaching $283 million. The Central Bank's interest rate cuts and better-than-expected economic growth have boosted market confidence, while falling bond yields have prompted more domestic investors to turn to high-yield assets such as stocks.
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