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Shock Therapy Produces A Fiscal Surplus

Global Finance

The International Monetary Fund (IMF) has lauded the government’s economic blueprint, with its combination of austerity policies and lowering interest rates. That’s because the main driver of currency devaluation was the country’s ballooning debt, accentuated by a 50% interest rate benchmark. billion pesos ($19.6

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Market gives thumbs up to Budget 2022

CFO News Room

But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. The government’s record borrowing plans for the next financial year sent benchmark bond yields to two-and-a-half years high. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03

Budgeting 130
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Stablecoins Could Be The Currency Of Choice For Money Launderers, Terrorists

PYMNTS

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The group said it was worried that the potential widespread adoption of stablecoins would be outside regulatory agencies and make it easier for criminals to break the law with the currency. “If

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Bond Yields Surge in Europe as Old Jitters Return

CFO News Room

The benchmark 10-year U.S. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . Government bond yields surged world-wide after a strong report on the U.S. It was at 1.25% at the start of the week.

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Fed Slashes Interest Rates To Near Zero

PYMNTS

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

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Coronavirus Prompts Federal Reserve To Slash Rate To Zero

PYMNTS

The Federal Reserve announced Sunday (March 15) it would drop benchmark interest rates to zero and buy at least $700 billion in government bonds as part of an emergency action to protect the economy from the impact of the coronavirus outbreak. The new rate will now be targeted at 0.0 percent to 0.25

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Swiss Franc Weakens On Impending US And Europe Rate Cuts

PYMNTS

and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and put rising pressure on the currency, according to a report by The Wall Street Journal. This looks like intervention,” said Thomas Flury, global head of currency strategy at UBS Wealth Management. “It francs per euro, which many analysts say is a benchmark.