Benjamin Lawsky, New York State Department of Financial Services superintendent, announces New York regulators will hold two full days of hearings in January on the regulation of bitcoin to better understand the technology behind the virtual currency and how it should be controlled.
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Sixteen out of 17 analysts surveyed by Reuters expect the Bank of Korea to keep its base rate unchanged at 3.25 percent for the fourth month in a row at a policy meeting on Thursday, while one predicted a 25-basis-point hike.
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Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves. Initial data suggests otherwise.
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The Bank of Japan will probably stand pat on policy on Wednesday but may debate more easing if it feels that global recession fears and volatile markets pose such a threat to the country's economic recovery that it warrants additional monetary stimulus.
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Patrick Perret-Green, head of FX & rates strategy for Asia at Citi, says Asian central banks are more relaxed about the dollar, with almost 50 percent of Asian trade in the region.
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The Bank of England (BoE) is expected to hold rates on Thursday after weaker than expected gross domestic product (GDP) figures last week effectively killed off any hope of a rate rise this year.
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Indonesia's inflation slowed in June to a one-year low of 5.54 percent from a year ago, well within the central bank's target and strengthening expectations Bank Indonesia will hold rates this month and potentially for the rest of the year.*
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The European Central Bank looks set to keep its benchmark interest rate stable at 1.25 percent at its June 9 meeting, analysts told CNBC.com. Policymakers will remain "strongly vigilant" on inflation and global growth concerns, meaning that a rate rise in July looks likely.
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