Global Central Bank Dynamics - The People's Bank of China has officially released an action plan for the digital yuan, which will implement a new measurement framework and management system starting January 1, 2026. This marks China's transition from "digital cash" to "digital deposit currency," making it the first economy to offer interest on central bank digital currency [1] - The Federal Reserve's December meeting minutes reveal significant internal divisions regarding interest rate cuts, with some officials expressing that the decision is a "delicate balance" and suggesting that rates could remain unchanged [1] - The Bank of Japan's December meeting minutes indicate support for further interest rate hikes, with one member suggesting flexible adjustments to monetary policy every few months [2] - The Bank of Korea announced a comprehensive revision of monetary and liquidity statistics, resulting in a decrease in the year-on-year growth rate of M2 from 8.7% to 5.2% under the new standards [2] Market Observations - Barclays maintains its expectation for the Federal Reserve to cut rates twice in 2026, with anticipated cuts of 25 basis points each in March and June [3] - BlackRock strategists suggest that the Federal Reserve will implement limited rate cuts in 2026, as it approaches neutral interest rates after a cumulative reduction of 175 basis points [3] - Analysts from Mitsubishi UFJ report that the US dollar has experienced its worst annual performance since 2017 and is expected to weaken further in 2026 [4]
【央行圆桌汇】2025年美元指数黯然收官 美联储主席动向将左右后市行情（2026年1月5日）
Xin Hua Cai Jing·2026-01-05 05:23