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The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

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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