In today's globalized world, complaints and warnings of currency wars are not uncommon. However, the recent allegations that the United States is engaged in a currency war on a global scale, and its impact on Africa, are shocking.
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On March 19, the Bank of Japan announced the end of its eight-year negative interest rate policy. The grand economic experiment of eight years ago, in which negative interest rates were introduced to stimulate the economy and reverse deflation, has finally come to a temporary end. Previously, Japan is the only country in the world still implementing negative interest rate policy, as an important economy in the world, the end of negative interest rate policy will have a certain impact on Japan and even the world.
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On March 19, local time, the Bank of Japan held a monetary policy meeting and decided to end the negative interest rate policy. It is the BOJ's first rate rise in 17 years and marks the start of a normalisation of ultra-loose monetary policy that has been maintained for about 11 years.
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A recent Bank of England survey showed that the British public's expectations for the pace of inflation in the coming year have fallen to the lowest level since August 2021.
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In 2023, Silicon Valley Bank, Signature Bank, Silver Gate Bank, First total and Bank have exploded and been closed and taken over, causing turmoil in the banking industry across the United States. Entering 2024, New York Community Bank began to show signs of thunder, and its stock price fell more than 25%, hitting its lowest closing price since 1997. As a number of banks have exploded, indicating that the banking crisis sweeping the United States is not only not over, but also signs of intensification.
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In today's world trade, the dollar has always occupied the supreme position, and for many years, the United States has used the dollar hegemony to become the hegemon of the global economy. However, with the increasing debt scale, the US debt has become a problem that cannot be ignored. How to get rid of the hegemony of the dollar in the future will become a very important issue in the world.
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On March 13th local time, Deutsche Bank released a report stating that the two volatility indicators of the gold market - China's SGE premium and spot premium relative to fair value premium - may have reached their peak, indicating that gold will experience a period of volatility in the future, providing investors with opportunities for range trading.
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The digital euro aims to become the next evolution of European currency, but before its birth, it had already caused division in Europe. In 1999, the European Union introduced the euro, but in the current digital age, European institutions are considering creating a digital euro as the next step in monetary development, as described by the European Central Bank.
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As the world's first high-tech enterprise with a market value exceeding $3 trillion, Apple's price has recently been falling all the way. On March 4th local time, Apple's stock price fell by 2.54%, and its market value evaporated by 70.4 billion US dollars (approximately 506.9 billion yuan). At present, its market value is only around 2.6 trillion US dollars, down 15%, which is extremely rare in the US stock market.
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The Australian economy is facing multiple challenges, and by the end of 2023, it has fallen to the brink, with almost only population growth supporting economic development. This increases the risk that the Reserve Bank of Australia may start lowering policy interest rates earlier than other central banks to maintain the stability of the Australian dollar under pressure.
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In the past month, the price of tomatoes in Nigeria has risen greatly. Although the country will have seasonal tomato price rises in June and July every year, the increase rate has increased significantly compared with the previous one, and the price is close to 20 times, so the impact of various aspects is more extensive.
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