Our Scans · (FS.5.04) Money Market · Weekly Summary

• [New] 2025 could easily see the largest cyberattack in history, taking down, at least for a little while, some sizeable piece of the world's infrastructure, whether for deliberate ransom or to manipulate people to make money off a short on global markets. Cybercrime Magazine
• The Reserve Bank of India is expected to cut the repo rate one more time during the ongoing financial year, before shifting to a pause mode. TFIPOST.COM
• The Reserve Bank of India shocked markets with a 50 bps cut to the key repo rate, an even larger cut than most expected in March. Somvisit
• Given the risk of illicit stablecoin usage, regulated stablecoins backed by fully audited reserves (such as tokenized U.S. Treasury bills or government bonds) may gain traction. Dzilla Pte. Ltd. - dzilla Wallet, Calculator, Media - d
• Economists and investors across India are eagerly waiting to see if the RBI will cut the repo rate by 25 basis points or go for a deeper 50 bps reduction. Goodreturns English
• Proposed rules requiring stablecoin issuers to maintain 100% reserves in Treasury bills could compress yields and alter capital flows, making some yield-bearing DeFi strategies uncompetitive. Dzilla Pte. Ltd. - dzilla Wallet, Calculator, Media - d
• The Reserve Bank of India is expected to continue to cut the repo rate in the upcoming meeting of its Monetary Policy Committee (MPC). NDTV Profit
• The US Treasury, in a presentation to the Treasury Borrowing Advisory Committee, outlined how the growth of stablecoins could reshape demand for Treasury bills, potentially altering their proportion in future issuances. Crypto Briefing
• New BIS data shows stablecoin issuers can exert measurable influence on short-term interest rates: For example, a $3.5 billion sale of Treasury bills could increase short-term yields by 6-8 bps, while equivalent purchases only reduce rates by ~3 bps. Digital Finance Briefing
• When the Reserve Bank of India reduces the repo rate, it will immediately impact the loan portfolios for retail and MSME (Micro, Small and Medium Enterprises) segments, which are linked to external benchmarks. Outlook Business
• Stablecoin issuers are expected to become some of the largest holders of US Treasuries by 2030, as regulations require stablecoins to be backed by safe, liquid assets such as Treasury bills. TheEdge
• The MoU provides regulatory certainty for UK CCPs offering clearing services to EU firms, reducing the risk of fragmentation in derivatives and repo markets. FinanceFeeds
• Money markets are pricing a negligible risk of a cut - the first fully discounted rate reduction is priced for June, with around 70 bps of cuts currently priced through the end of the year, implying two fully discounted cuts, and a decent chance of a third. investing.com
• To entice savers to put their money to work in Europe requires slashing the costs of investing in markets where risk-return trade-off is more favourable than keeping it in savings accounts. Bruegel | The Brussels-based economic think tank
• The Reserve Bank of India will likely slash the benchmark repo rate by a total of 75 basis points in 2025, with upcoming 25 bps reductions each in April, June, and October policy meetings. Mint
• The Reserve Bank of India is expected to announce another repo rate cut soon, which will further enhance liquidity and likely lower lending rates. The Economic Times
• Money markets indicate an almost 30% chance that the Bank of Japan (BoJ) will lift its base rate towards 1% by the end of the year. investing.com
• A drop in inflation could clear the way for another rate cut by the Reserve Bank of India, which cut the repo rate to 6.25% from 6.5% on Friday in its bid to boost a slowing economy. Peter Lewis' Money Talk
• The Reserve Bank of India is anticipated to lower its repo rate by 25 basis points at its upcoming meeting, marking the first rate cut in nearly five years. archyde
• Money markets are back to giving much higher odds to a large 50-basis-point rate cut by the Bank of Canada at its next policy meeting following the weaker-than-expected headline inflation reading this morning. The Globe and Mail
• Money markets imply there is just a 66 pc chance that the US Federal Reserve will cut interest rates twice in 2025, compared to bets of 88 pc before Mr Trump announced tariffs on Canada, Mexico and China. Yahoo News

Last updated: 24 June 2025