BCB leaves Selic rate at 13.75%, stressing lower inflation is partly due to subsidies

US regulator will appoint chief financial technology officer to lead regulation of sector

Officials differ over whether digital currency could increase financial inclusion

…still very young from my illiterate mother that I couldn’t spend more than I earned,” Lula, 77, told the Financial Times in an interview this year, while outlining why he could be trusted with the nation’s finances …

…the table, added these people. A decision on the level of the bank surcharge — an extra levy paid by bank s on top of corporation tax…

…Policymakers fear strong wage growth has maintained high inflation, though officials suggested the central bank should begin to prepare for a slowdown in rate rises….

…respond to the IRA and was working on options itself, said a finance ministry source. Potential responses include filing a complaint to the World Trade…

…The US central bank is in the midst of one of its most forceful attempts to slow down the economy in decades, with top officials warning of “some pain” to come, chiefly higher unemployment….

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing instructions for crypto, and more.

…Economists say persistent high inflation could increase the likelihood of a 1970s-style wage-price spiral and prompt the European Central Bank to raise interest rates to curb inflation….