Search results for "ONG"
Sunday
2024/06/02
19:42GoldenOctober2024
On June 3, the coin market showed that if inflation fails to slow down, the Reserve Bank of Australia may have no choice but to resume raising interest rates this year, which would make it a potential exception to the global tightening cycle that has almost ended after the pandemic. With the exception of Japan, which has only started raising interest rates this year, Australia will be the only developed economy where the coin market still expects the possibility of a rate hike. Su-Lin Ong, chief economist at RBC Australia, said: "The RBA has little tolerance for an upside surprise in inflation data. She said the RBA would have to be forced to raise interest rates if the second-quarter data confirmed that the disinflationary trend had stalled, albeit reluctantly.
  • 1
Thursday
2024/04/18
02:11WendyCS

Ontology launches $10 million fund to drive decentralized identifier innovation and adoption

PANews reported on April 17 that, according to Chainwire, Ontology announced the launch of a $10 million fund, which is distributed in the form of ONT and ONG Token, aiming to accelerate the adoption, education, and development of decentralized identifier (DID) solutions. The program aims to foster innovation in four key areas: DID education, ONT ID technology tutorials, ONT ID adoption, and ONT ID-based building.
More
  • 1
Tuesday
2024/01/16
03:37WendyCS

RBC: The rise in yields may reflect Central Bank rhetoric and concerns about the Red Sea

Su-Lin Ong, chief economist at Royal Bank of Canada in Sydney, said Tuesday's rise in U.S. and Australian government bond yields may reflect both concerns about pricing in aggressive rate cuts and the possibility that the Red Sea conflict could refuel supply chain issues. Ong said higher yields could reflect the spillover effect of some hawkish comments from the Central Bank last night, with eurozone yields moving higher and the yield curve flattening. Markets have largely priced in rate cuts from the G7 excluding Japan, especially for the US, so there is some risk of disappointment. The situation in the Red Sea may also be at play, she said. Ong added that ongoing tensions could disrupt the supply chain, raising freight costs if ships need to avoid this route, which could increase price pressures.
More