A person aware of the development told ET that according to current classifications, banks’ holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.
S&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged following geopolitical tensions and a
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high,
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