71 of 103 Economists Expect Fed to Cut Rates at Least Once in 2026

Turkey's Central Bank Maintains Policy Rate at 37%

Gate News message, April 22 — Turkey's Central Bank held its policy rate, the one-week repo rate, steady at 37% on April 22. The overnight lending rate remained unchanged at 40%.

Trump Signals Openness: Consider a Currency Swap With the UAE, Extending “Wartime Dollar Diplomacy” Further

CNBC reported that Trump publicly said he would help if needed, considering establishing a currency swap channel with the UAE, marking the White House’s first public response on the issue. The UAE central bank governor visited the U.S. last week to raise the possibility, but the actual decision still rests with the U.S. Federal Reserve. Fighting in the Strait of Hormuz disrupts dollar liquidity; if it goes ahead, it would broaden the impact of dollar diplomacy and on crypto, stablecoins, and global inflation/exchange rates.

Bank of Korea Prioritizes CBDCs Under New Governor Shin, Maintains 2.5% Rate Amid Regional Uncertainty

Gate News message, April 22 — South Korea's central bank has entered a new monetary phase with newly appointed governor Shin Hyun-song placing central bank digital currencies (CBDCs) at the forefront of the country's financial system. In his inaugural address, Shin positioned CBDCs and bank-issued d

Indonesia's Central Bank Holds Key Rate at 4.75%, Pledges Further FX Intervention

Gate News message, April 22 — Indonesia's central bank maintained its benchmark interest rate at 4.75% on April 22, marking the seventh consecutive meeting without a change and aligning with market expectations. Central Bank Governor Perry Warjiyo stated that the bank has intensified foreign

Fed Chair Nominee Kevin Warsh Backs Crypto Integration, Opposes CBDC

Abstract: Trump's Fed chair nominee Kevin Warsh argues digital assets are already part of U.S. finance, rejects a central bank digital currency, and favors market-led crypto innovation. He disclosed more than $100 million in crypto holdings, inviting questions about independence. Summary: Warsh, Trump's Fed nominee, says digital assets are integral to U.S. finance, rejects a CBDC, and favors market-driven crypto innovation; he disclosed more than $100 million in crypto holdings, raising independence concerns.

Trump’s nominee for Fed chair: won’t be a White House puppet—crypto assets will become the new financial normal

Warsh emphasized the Federal Reserve’s independence at the hearing, denied being a White House puppet, and did not commit to rate cuts; if he takes office or adopts a more accommodative policy, it would be positive for risk assets such as Bitcoin. U.S. stocks fell amid the hearing and geopolitical risks, with the three major indexes down by about 0.6%. Changes in Middle East talks also intensified market risk sentiment.