the new chinese digital currency Top snippets

The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.

China plans to build about 10,000 superior specialties of traditional Chinese medicine by 2029. The reporter learned from state administration of traditional chinese medicine on the 11th that China will promote the construction of superior specialties of traditional Chinese medicine at different levels to further improve the clinical efficacy of traditional Chinese medicine. By 2029, a network of superior specialties of traditional Chinese medicine with complete professional fields, wide geographical coverage, reasonable structural layout and obvious characteristics of traditional Chinese medicine will be formed, and the overall scale of superior specialties of traditional Chinese medicine in China will reach about 10,000. (Xinhua News Agency)The Canadian dollar expanded its gains to an intraday high.Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.

Bank of Canada Governor Mackler M: Monetary policy no longer needs to remain tight. The job market is still weakening. Officials will adopt a more "gradual" interest rate policy.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Chilean National Mining Association: In 2025, Chile's copper production will be 5.4-5.6 million tons. The Chilean National Mining Association (Sonami) said on Wednesday that it is expected that Chile's copper production will be between 5.4-5.6 million tons in 2025. According to industry forecasts, Chilean miners also expect copper prices to be between $4.2 and $4.5 per pound next year. In September, the Chilean central bank predicted that the average copper price in 2025 would be $4.25 per pound, slightly lower than the previous estimate of $4.30 per pound.