Reports over the weekend showed that there was a drop in the number of COVID-19 infection cases in the UK. This influenced an increase in the pound on Monday. However, the full effect of the ease of lockdown on the economy in the long term is yet to be estimated, experts say. COVID-19 Situation in …
Money management
China Records Over 34 Billion Yuan in the Pilot Trial Project of the Digital Yuan – PBOC
The People’s Bank of China has launched a pilot trial digital yuan project to estimate the impact on China’s financial policies and monetary system. This was reported in the Bank’s whitepaper document that there had been more than ¥34 billion worth of deals. These deals cut across primary retail …
Inflation Rise Will Continue Till December-Luis de Guindos, Vice-President of the ECB
The inflation rise is set to continue till the year’s end, de Guindos of the European Central Bank said during his interview staged for Monday. He said this is a medium-term projection and, therefore, based on certain circumstances, inflation is being permitted to spiral upward. The Spread of the …