The Eastern Caribbean Central Bank is celebrating 40 years since its founding. What do you view as the main benefits of the Eastern Caribbean Currency Union? The main benefit, without a doubt, is relatively low inflation over an extended period. Since 1976, we have pegged US$1 to EC$2.7. Our inflation is largely imported and typically … Read more
The Swiss National Bank (SNB) surprised markets by keeping rates unchanged after its monetary policy meeting today (September 21). As a result, the policy rate remains at 1.75%. This puts an end to a series of five consecutive rate increases the SNB started in June 2022, when the policy rate stood at -0.75%. “The significant … Read more
Imagine a world where a party could buy or sell currencies at the market rate, and get their hands on the cash in close to real time without having wait for the trade to settle two days later. Settlement and counterparty risk would be close to zero and funding costs would be slashed. Fewer intermediaries … Read more