Monday, May 10, 2021

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China joins Thailand, UAE on digital currency research project

Central banks of China, Thailand and the United Arab Emirates as well as Hong Kong Monetary Authority have launched the Multiple Central Bank Digital Currency Bridge, m-CBDC Bridge, project.

China cuts loan rate for first time since 2016, seeks to soothe bond market

China’s central bank has cut the interest rate on its one-year medium-term lending facility, MLF, loans on Tuesday for the first time since early 2016, as policymakers work to prop up a slowing economy hit by weaker demand at home and abroad.

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