The Reserve Bank of India released the seventh edition of its statistical publication titled “Handbook of Statistics on Indian States 2021-22”. Through this publication, the Reserve Bank has been disseminating wide-ranging data on the regional economies of India.

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP209.6 billion (USD25.92 billion) at the end of October 2022.

The US Federal Reserve and a group of major financial institutions will launch a 12-week digital dollar pilot program, months after US lawmakers called for the government to join a digital-asset "space race" to compete with China - a frontrunner in promoting the use of the digital yuan both at home and abroad.

A flurry of optimism prevailed on global markets ahead of the US Federal Reserve's announcement of its interest rate hike decisions for November, with markets anticipating that the pace of the hikes will ease next year given dismal economic data in the US.

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) today announced Project Cedar Phase II x Ubin+, a joint experiment to investigate how wholesale central bank digital currencies (wCBDCs) could improve the efficiency of cross-border wholesale payments involving multiple currencies.

Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India.

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The Federal Open Market Committee (FOMC) of the Federal Reserve (the Fed) announced a rate hike of 75 basis points at the early hours today (Hong Kong time) after its two-day meeting, raising the target range for the federal funds rate to 3.75-4%. The HKMA has adjusted the Base Rate upward by 75 basis points to 4.25% according to the established mechanism with immediate effect.

September 2022

Speech by Mr Christopher J Waller, Member of the Board of Governors of the Federal Reserve System, at the symposium "Digital Currencies and National Security Tradeoffs".

The US Federal Open Market Committee (FOMC) meeting outcome reflected that the Federal Reserve (Fed) needs to keep inflation within the target within the next two years, which triggered its counterparts to accelerate policy rate hikes.