According to a BoE report, a new digital currency could boost economic output by around three percent “due to reductions in real interest rates, discretionary taxes, and monetary transaction costs.” It could also help maintain financial stability and provide policy makers with more effective tools. Source: RT
U.S. President Donald Trump linked American support for Middle Eastern countries to oil prices on Thursday as he again urged OPEC to lower prices. Source: Reuters
The United States expanded its sanctions war against Russia to China on Thursday, announcing punitive measures against a Chinese military organization for buying Russian fighter jets and missiles. Source: France24
Japanese refiners have stopped buying Iranian crude ahead of the November 4 deadline set by Washington to all countries doing business with Iran before economic sanctions return. Reuters quoted today the head of the Petroleum Association of Japan as saying, “It is my view that each firm is taking the same stance and temporarily suspending (the loading) and watching the situation carefully.” Source: Oil Price
