Washington, May 29 (IANS) The Trump administration has ruled out the creation of a US central bank digital currency (CBDC), with Treasury Secretary Scott Bessent arguing that government-issued digital money could become a tool for tracking financial activity and threatening personal freedoms. At a White House briefing, Bessent said the administration’s position on a digital dollar was unequivocal.”This administration has been very clear there will be no central bank digital currency,” he told re…
Latest Central Banks News & Updates
Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia. Federal Reserve Chair Jerome Powell said higher energy costs are already feeding into inflation, complicating the central bank’s policy path. “Inflation has moved up and is elevated, in part reflecting the recent increase in glo…
New Delhi, April 27 (IANS) Investment share in India’s gold consumption rose to 42 per cent in CY25 from 29 per cent in CY24 as investment demand surged, led by gold ETFs and bar-and-coin buying, reflecting safe-haven demand, diversification motives and geopolitical uncertainty, a report showed on Monday.Global gold demand reached a record in CY25, up 8 per cent YoY to roughly 5,000 metric tonnes (MT), driven primarily by robust investment demand despite sharply higher gold prices and macroeco…
New Delhi, April 18 (IANS) As India gears up to celebrate Akshaya Tritiya on Sunday — an auspicious occasion for buying gold — macroeconomic trends are reinforcing the metal’s investment appeal alongside tradition, with analysts seeing prices rise up to Rs 1.85 lakh, according to a new report.An analysis by Axis Direct said gold is well-positioned in the current global environment and could gain whether the economy weakens into stagflation or improves amid falling interest rates.“Whether t…
Washington, April 16 (IANS) Global conflicts and supply chain disruptions are adding to economic stress in developing countries, with the Intergovernmental Group of Twenty-Four (G-24) warning that recent gains on inflation and growth are at risk.Speaking at a press briefing during the Spring Meetings, G-24 Chair Olawale Edun said: “Numerous political crises and conflicts globally have significantly impacted… populations and further strained the fragile global economy, with particularly adver…
Washington, April 15 (IANS) Global financial markets have remained resilient despite volatility triggered by the Middle East conflict, the International Monetary Fund said and warned that rising debt levels and limited policy space could amplify risks if conditions worsen.Presenting the latest Global Financial Stability Report, IMF Financial Counsellor Tobias Adrian said markets have so far absorbed geopolitical volatility without major disruption. “The financial system has been resilient so f…
Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Washington, April 14 (IANS) The US dollar has retained its role as a global safe-haven currency despite recent volatility, the International Monetary Fund (IMF) has said, even as central banks worldwide remain on high alert to contain inflation risks triggered by the Middle East conflict. Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said recent market movements indicate a return to more tr…
New Delhi, March 28 (IANS) Gold prices gained 5.77 per cent during the week, amid sustained geopolitical tensions and pull back in crude oil prices.On Friday, MCX gold April futures added 0.15 per cent while MCX silver May futures declined 0.09 per cent. Currently, gold futures stand at Rs 1,44,500, while silver futures at Rs 2,27,750 per kg.The price of 10 grams of 24-carat gold was at Rs 1,42,942 on Friday, up from Rs 1,35,141 seen on Monday market opening, according to data published by the I…
New Delhi, March 27 (IANS) India’s gold market is shifting toward investment‑driven demand as high prices weigh on jewellery consumption, a report said on Friday.The joint report from ICRA and Assocham said that India’s gold jewellery demand declined about 26 per cent year‑on‑year in the first half of FY26, with a 15 per cent rise in demand for bars and coins partly offsetting the dip.Global gold jewellery consumption fell 15 per cent in FY25 and a further 17 per cent in the first half o…