Hong Kong Dollar HIBOR Rates Mostly Decline, One-Month Rate at 2.3%

Bank of Korea Governor Nominee Shin Hyun-song Signals Openness to CBDC and Private Stablecoins, Unveils Won Internationalization Plan

Shin Hyun-song, nominee for Bank of Korea governor, acknowledged the coexistence of CBDCs and stablecoins at a confirmation hearing. He proposed a three-pronged approach for the won's internationalization and pledged to divest foreign assets to prevent conflicts of interest.

Yellen: A rate cut this year “is entirely possible”; the biggest variable is the supply shock from a war in Iran

Yellen said in Hong Kong that the Federal Reserve could cut interest rates later this year, even though the Iran war is creating upward pressure on inflation. She emphasized that this situation depends on how inflation evolves, and warned that Trump’s political pressure on the Federal Reserve is an unprecedented threat that affects central bank independence.

Former U.S. Treasury Secretary Yellen Says Fed Rate Cut Still Possible This Year

Former Treasury Secretary Janet Yellen believes the Federal Reserve may cut interest rates this year, despite uncertainty from the Iran war and oil price volatility. She sees a broad supply shock impacting various sectors but suggests stable inflation expectations make rate hikes unlikely.

Federal Reserve meeting minutes: Approved unanimously to keep interest rates unchanged; the outlook for rate cuts depends on the direction of inflation

The minutes of the U.S. Federal Reserve meeting show that the federal funds rate remains unchanged at 3.5% to 3.75%, emphasizing factors such as stability in the labor market, limited impact from AI investment, and still-present inflation pressures. The unanimous approval reflects the stability of monetary policy, and it remains cautious about any further rate cuts; the outlook going forward needs to be determined by observing inflation data.

Hong Kong Financial Secretary Paul Chan: Economy Performing Well, Exports Up Double Digits in First Two Months

Hong Kong's Financial Secretary Paul Chan reported strong economic performance driven by exports, services, and goods trade, alongside steady consumption and rising private investment. He emphasized the city's robust stock market and the need for financial stability to enhance competitiveness.

Tim Draper’s prediction: Bitcoin could triple in 18 months; inflation and a weaker U.S. dollar are catalysts

Billionaire Tim Draper predicts that Bitcoin will rise to $250k within 18 months, mainly due to inflation pressure and a weakening U.S. dollar. While his prediction is appealing, it hasn’t been met over the past six years, and his personal holdings may affect the assessment. Market conditions and the impact of regulatory policies on prices must be taken into account.