Vietnam hikes interest rates and devalues currency

The country is taking measures through trade, finance and monetary policy to spur growth amid numerous challenges.

While the Bank of Japan (BoJ) continues to print money and buy bonds, despite the bank's first rate hike since 2007, the Bank of Singapore believes that the country's stock market rally will continue.

Japan's borrowing costs hit a 30-year high after the US Fed chair used more hawkish rhetoric; oil prices are up again as hostilities resume in the Middle East.

Outstanding mortgage rates for individual borrowers will be cut by 0.5%, potentially helping around 50 million households, while the reserve requirement ratio (RRR) for most banks will also be cut by 0.5%.

Factors including interest rates, challenging markets, return on investments, resilience and security, intertwine when banks explore generative AI use case and scalable applications.

With inflation likely to accelerate central bank tapering programmes and feed earlier interest rate hikes, could a dwindling fiat system drive cryptocurrency appeal?