BANK FOR INTL SETTLEMENTS

One Chart That Explains the Rate Resilience of the US Economy

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One Chart That Explains the Rate Resilience of the US Economy

Call it the Great Term Out. After a historic series of interest rate hikes from the Federal Reserve, there’s a big question over just why these higher borrowing costs aren’t having more of an impact on the economy. Sure, there was a small bout of banking drama earlier this year and bankruptcies have ticked up, … Read more

China Says It Has No Desire to Replace Dollar With Digital Yuan

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China Says It Has No Desire to Replace Dollar With Digital Yuan

China sought to allay fears it wants to topple the dollar as the world’s main reserve currency as Beijing makes bigger strides in creating its own digital yuan. People’s Bank of China Deputy Governor Li Bo said the goal for internationalizing its currency is not to replace the dollar, and the efforts to create a … Read more