Latest News for: Monetary authority

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PBOC chief: China to focus on sustainable growth

People Daily 29 Nov 2023
China's monetary policy will likely remain supportive of economic recovery in 2024 with a focus on nurturing new growth drivers, experts said after China's central bank governor emphasized the need to pursue sustainable economic growth ... The conference was co-hosted by the Hong Kong Monetary Authority and the Bank for International Settlements.
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China to achieve 5-pct annual growth target: central bank governor

People Daily 29 Nov 2023
"I am confident that China will enjoy healthy and sustainable growth in 2024 and beyond," Pan said during a high-level conference co-hosted by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) in Hong Kong.
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Exchange Fund Bills Tender Results (Hong Kong Monetary Authority)

Public Technologies 28 Nov 2023
) Exchange Fund Bills Tender Results. Press Releases. 28 Nov 2023. Exchange Fund Bills Tender Results. Tender date. .. 28 November 2023. Paper on offer. .. EF Bills. Issue number. .. Q2348 ... ... ... ... ... Hong Kong Monetary Authority ... Hong Kong Monetary Authority published this content on 28 November 2023 and is solely responsible for the information contained therein.
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Cryptocurrencies to ‘Eventually Leave the Scene,’ Says MAS Director

Coin Edition 28 Nov 2023
The managing director of the Monetary Authority of Singapore declared that cryptocurrencies have failed the test of digital money ... because they can’t keep value,” Ravi Menon, managing director of the Monetary Authority of Singapore.
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HKMA-BIS High-Level Conference (Hong Kong Monetary Authority)

Public Technologies 28 Nov 2023
A High-Level Conference co-organised by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) was successfully concluded today (28 November) in Hong Kong ... Hong Kong Monetary Authority ... Hong Kong Monetary Authority published this content on 28 ...
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Singapore central banker sees private crypto on its way out

Financial Express 28 Nov 2023
central bank digital currencies, tokenized bank liabilities and “well-regulated” stablecoins, Monetary Authority of Singapore’s Managing Director Ravi Menon said in Hong Kong on Tuesday.  ... as part of the Hong Kong Monetary Authority-Bank for International Settlements event.
photo: Creative Commons
Ripple, Ethereum, Bitcoin, and Micro Sdhc Card
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Here’s Why CBDCs Could Outshine BTC, Ethereum, and Other Private Cryptos

CoinGape 28 Nov 2023
Notably, as he pointed out during a Hong Kong Monetary Authority event, private digital coins have “miserably failed the test of money” due to their inability to retain value ... Meanwhile, a recent report showed that the Monetary Authority of Singapore’s Managing ...
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The new normal for central banks as balance sheets set to get smaller

Khaleejtimes 28 Nov 2023
Central banks have drastically changed the way they implement monetary policy ... By providing liquidity directly to each market participant, monetary authorities effectively substituted their balance sheets for the money market. But there had to be a division between this new activity and the implementation of traditional monetary policy.
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Singapore’s Top Banker Predicts Endgame For Private Crypto, Hails New Era Of Digital Currencies

Bitcoinist 28 Nov 2023
Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has recently underscored the noticeable transformation in the monetary landscape, highlighting central bank digital currencies (CBDCs), tokenized bank liabilities, and regulated stablecoins emerging as key components.
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Private Cryptocurrencies Have No Future, Retiring MAS Director Said

Coinspeaker 28 Nov 2023
The Director of the Monetary Authority of Singapore (MAS), Ravi Menon, has emphasized that private cryptocurrencies have no future. Menon his thoughts as a panelist at an event jointly hosted by the Hong Kong Monetary Authority and the Bank for International Settlements.
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MAS Director mislabels Bitcoin a ‘private cryptocurrency’ stating it has ‘failed the test of money’

Cryptoslate 28 Nov 2023
At the recent GDEC 2023 conference, Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), critiqued Bitcoin and similar digital currencies, questioning their viability as a form of money ... Further delving into Menon’s vision, he anticipates a future monetary system comprising three main components.
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Surplus liquidity normalisation, robust credit growth bolstered monetary policy transmission: RBI article

Indian Express 28 Nov 2023
Monetary policy in the country moved into a tightening mode in May 2022 amidst ... The article has been authored by Yuvraj Kashyap, Avnish Kumar, Anand Prakash and Shubhangi Latey of Monetary Policy Department. The RBI said the views are of authors and not of the central bank.

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This handout photo provided by the Uttarakhand State Department of Information and Public Relations shows Pushkar Singh Dhami, right, Chief Minister of the state of Uttarakhand, greeting a worker rescued from the site of an under-construction road tunnel that collapsed in Silkyara in the northern Indian state of Uttarakhand, India, Tuesday, Nov. 28, 2023
AP / Uttarakhand State Department of Information and Public Relations
In this photo released by Uzbekistan's President Press Office, Iran's President Ebrahim Raisi attends the Summit of the Economic Cooperation Organisation (ECO) in Tashkent, Uzbekistan, on Thursday, Nov. 9, 2023
AP / Uzbekistan's President Press Office
Lightning shot at night with a Nikon D40 DSLR, from The West Wing, Pune, Maharashtra, India
Creative Commons / Nihal Wadkarhttps://creativecommons.org/licenses/by-sa/4.0/deed.en
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