© Reuters. The Swiss National Bank (SNB) is progressing with its groundbreaking Helvetia Phase III pilot program, marking a significant shift from the testing to the actual implementation of a central bank digital currency (CBDC). This initiative, led by SNB Chairman Thomas Jordan and SIX Digital Exchange, will enable real bond transactions to be settled
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Key Quotes 24-hour view: We expected GBP to trade in a range of 1.2085/1.2155 yesterday. GBP dipped to a low of 1.2090 before staging a surprising sharp
Baseline is no rate cuts until the second half of 2024 at earliest Inflation is unacceptably high but there has been significant progress Data consistent with ‘orderly slowdown’ We are in a phase where there is some risk of overtightening says he would have ‘grudgingly’ voted for a rate hike in July If progress on
