Central Bank Archives

South Korean Central Bank Wades into Presidential Candidates’ Stablecoin Row

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The South Korean central bank has entered the political furore surrounding stablecoins, insisting it should have the final say over the issuance of a KRW-pegged coin. Stablecoins have become a “political hot potato” ahead of next month’s presidential elections, South Korean media outlets wrote on May 12. Aju Kyungjae quoted the Bank of Korea (BOK) […]

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Markets Bet on Fed Pause in May Even as Trump Rattles the Cage

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On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that

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Canadians Elect Central Banker Mark Carney as Prime Minister After Trump’s Antics Upend Country’s Conservatives

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Canada’s Conservative party leader Pierre Poilievre was poised to win the election by a landslide, until U.S. President Donald Trump threatened to annex the country. Mark Carney Assumes Power After Trump Took Center Stage in Canada’s Federal Election Mark Carney, the shadowy former governor of Canada’s central bank, was elected as Prime Minister on Monday

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