Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.
Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%.
Interest rate poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=UACBIR%3DECI
KYIV, Jan 19 (Reuters) - Ukraine’s central bank is likely to keep its key interest rate at a historically low 6% this week to continue supporting a virus-hit economy despite rising inflation, a Reuters poll showed on Tuesday.
Some 14 of 16 analysts forecast the rate would remain unchanged at the first 2021 monetary policy meeting on Thursday.
The other two think that the bank will raise the rate to 7% as inflation may exceed its target of 5% soon.
Oleksiy Blinov from Alfa-Bank Ukraine expects inflation to overshoot the target in January after it jumped to 5% in December from 3.8% in November, fuelled by rising global prices of steel, gas and other commodities, and some domestic factors.
Federal Reserve Chair Jerome Powell will present the central bank's semi-annual Monetary Policy Report to Congress next week, appearing at a hearing on Feb. 23 before the Senate Banking Committee, according to an update to the committee's calendar https://www.banking.senate.gov.