Central Bank Governor Pan Gongsheng said at the 2025 Lujiazui Forum that new technologies are accelerating the application in the field of cross-border transfer. New technologies such as blockchain and distributed ledgers have promoted the vigorous development of the central bank's digital currency stablecoin, enabling payment and settlement to reshape the traditional payment system from the bottom up, greatly shortening the chain of cross-border transfer, and also posing huge challenges to fina...
European Central Bank Governing Council Villerois: The European Central Bank has successfully normalized policy, and policy and inflation are currently in a favorable range. Being in a favorable range does not mean that the European Central Bank will remain unchanged. We will continue to advance the interest rate issue pragmatically according to the data flow and remain flexible if necessary. (Golden Ten)
China's central bank: today launched 198.60 billion yuan 7-day reverse repurchase operation, the bid volume 198.60 billion yuan, win the bidding volume 198.60 billion yuan, the operating rate of 1.40%, the same as before.
On June 10th, the People's Bank of China launched a 7-day reverse repurchase operation of 198.60 billion yuan today. Because 454.50 billion yuan 7-day reverse repurchase expired today, a net refund of 255.90 billion yuan was achieved on the same day. To see the flow of funds in the open market, go to "Database - Bank of China Data" to view > >
European Central Bank Governing Council Vujcic: The pace of ECB interest rate cuts is coming to an end. (Golden Ten)
June 7 news, the People's Bank of China: China's gold reserves at the end of May reported 73.83 million ounces (about 2296.37 tons), an increase of 60,000 ounces (about 1.86 tons), for the seventh consecutive month of gold holdings.
According to official data from the People's Bank of China, China's gold reserves at the end of May were 73.83 million ounces (about 2296.37 tons), an increase of 60,000 ounces (about 1.86 tons) from the previous month, the seventh consecutive month of increasing gold holdings. (Gold Ten)
ECB Governing Council member Khazaks: Markets should not expect a rate cut at every meeting, and there is a high probability of a pause in July.
JPMorgan expects the European Central Bank to make its next rate cut in September, later than previously forecast in July.
The heads of state of China and the United States talk on the phone; gold is on a roller coaster, and silver hits a 13-year high! Trump and Musk publicly scold, the United States may sanction Russia and Ukraine at the same time? The European Central Bank's interest rate cut cycle is coming to an end... What major events happened around the world yesterday and this morning?
Interest rate decisions: 1. Interest rate decisions: cut interest rates by 25 BP as scheduled, maintaining its wording on the future path of interest rates; one member did not support the decision. 2. Economic expectations: GDP growth in 2025 is expected to remain unchanged, and GDP growth in 2026 is expected to be reduced from 1.2% to 1.1%. 3. Inflation expectations: inflation expectations in 2025 and 2026 are expected to be reduced from 2.3% and 1.9% to 2.0% and 1.6% respectively. 4. Trade sit...
Institutional analysts pointed out that the European Central Bank cut interest rates again as scheduled on Thursday, which may deepen the frustration of US President Trump with Federal Reserve Chairperson Powell. Trump said on Wednesday local time that Powell should cut interest rates now, citing the ECB's move as an example. To be fair, the ECB's decision (compared to the Fed) may be more clear-cut, given the impact of macro uncertainty and Trump's tariffs...
The European Central Bank cut the deposit facility rate by 25 basis points to 2%, in line with market expectations, for the seventh consecutive meeting. The main refinancing rate and the marginal lending rate were cut from 2.4% and 2.65% to 2.15% and 2.4% respectively.
Weak "soft" data in the United States pressured the US index that foreign demand for US assets is still sluggish, and the narrative of "selling the United States" may continue; the European Central Bank is about to cut interest rates, but Europe and the United States will still receive solid support.
Ronald Temple, chief market strategist at Lazard Asset Management, said a sustained retreat in eurozone inflation, coupled with the dovish rhetoric of European Central Bank officials, made a cut in interest rates on Thursday almost a foregone conclusion. The ECB has previously defined the 1.75% -2.25% interest rate range as the neutral monetary policy level. "Any sign of a change in this view would be surprising. With the US taking a more aggressive trade stance towards the European Union, rates...