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July 4th - According to the China Earthquake Networks Center, a magnitude 4.3 earthquake struck Binchuan County, Dali Prefecture, Yunnan Province (25.95°N, 100.58°E) at 18:28 on July 4, 2026, with a focal depth of 10 kilometers. Following the earthquake, the China Earthquake Administration quickly activated a Level IV emergency response, coordinating with the China Earthquake Networks Center and the Yunnan Provincial Earthquake Administration to conduct emergency response, requiring relevant units to hold joint consultations, strengthen seismic monitoring and post-earthquake trend analysis, and promptly report relevant information.July 4th - At 17:30 Beijing time on July 4, 2026, my country successfully launched the Qianfan Polar Orbit 13 satellite constellation into its predetermined orbit using a Long March 6A carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success.On July 4th, European Central Bank (ECB) Governing Council member Mohelan stated on Saturday that following last months interest rate hike, data shows inflation has fallen with the plunge in oil prices, placing the ECB in a "favorable position." The ECB does not provide forward guidance, so it will not reveal its plans for July. However, the rapid decline in oil prices has provided some relief and puts the ECB in a more advantageous position regarding interest rates. Mohelan also stated that the ECBs 2.25% interest rate is "very low" compared to other central banks, and the June rate hike was "reasonable" under any circumstances. He further pointed out that the ECBs communication at the time indicated that this rate hike was not the start of a new tightening cycle.German Chancellor Merz spoke by phone with Ukrainian President Zelensky to discuss Russian airstrikes on Kyiv and other parts of Ukraine.July 4 - From today (July 4) to the 6th, public farewell and memorial services for the late Iranian Supreme Leader Ayatollah Khamenei will be held in Tehran, the capital of Iran. It is estimated that 15 to 20 million Iranians will come to bid farewell to Khamenei.

The RBNZ Hasn't Made A Decision on Central Bank Digital Currency Yet

Cameron Murphy

Apr 29, 2022 09:31

The Reserve Bank of New Zealand (RBNZ) announced on Friday that it had not made a decision on a possible central bank digital currency (CBDC), but that it would continue to look into the possibility.


The Reserve Bank of New Zealand (RBNZ) said in September last year that it was seeking public feedback on the usage of a CBDC, which is a digital version of a current currency.


Several nations are looking into using CBDCs, with the Federal Reserve of the United States issuing a much-anticipated report on the advantages and disadvantages of adopting a digital currency earlier this year.


The RBNZ said that public comments had helped to confirm the significance of privacy and autonomy in a CBDC, and that this will be a priority of future policy work.


In a statement, the central bank said, "Our belief is that CBDC and cash would be complimentary, rather than competing."


The RBNZ's director of Money and Cash, Ian Woolford, noted that the central bank was especially focused on taking real actions to strengthen the cash system's resilience and efficiency.

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