Interest rates must rise further, ECB's Schnabel tells Bloomberg

Polygon Labs has entered Phase 2 of the Bank of England’s Digital Pound Lab, collaborating with NOBO Finance and Dun & Bradstreet. The initiative focuses on examining near-instant cross-border settlement and portable credit identities for businesses, leveraging Polygon’s Open Money Stack technology. The Digital Pound Lab serves as a controlled, simulated platform. It allows the…

Bloomberg has launched its FX Options RFQ API on FXGO, its electronic foreign exchange trading platform, marking the first time end-to-end programmatic RFQ trading has been made available to the buy-side FX options market. The new offering builds on FXGO’s previously released Python-API FX Options ticket launcher, allowing buy-side traders to run the entire RFQ…

The ECB said this in response to Reuters’ inquiry about a claim by unnamed sources that the two central banks are considering linking their instant payment systems, according to the report. The Central Bank of Brazil declined to comment, per the report. A linking of the systems would mark the first cross-border expansion of Pix,…

He told Canadian Mortgage Professional he’s seen a broader cultural shift among younger buyers, one that’s sometimes described as “doom spending.” With many of those Canadians increasingly convinced they’ll never be able to put together enough for a downpayment or afford a home, some are prioritizing travel and experienced-based spending instead of saving for a…

The Midwest came in hot this summer, claiming 11 spots in the Realtor.com August 2026 Hottest Housing Markets ranking.  The top spot went to Rockford, IL, which has sat at No. 1 only once before, in December 2024. As an affordable alternative to the neighboring hubs of Chicago and Madison, Rockford has access to big-city amenities with far lower costs. Nicknamed “The…