Laos welcomes cryptocurrency miners
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 September 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/8e3784f8-5605-40aa-a8b5-3d0e5bdae9a9
An unpublished internal model seen by the FT shows that the European Central Bank expects to hit its elusive 2 per cent inflation target by 2025, and Myanmar’s shadow government is fighting back against the military junta. Plus, the FT’s markets editor, Katie Martin, explains why Laos is allowing cryptocurrency mining.
Unpublished ECB inflation estimate raises prospect of earlier rate rise
https://www.ft.com/content/0ee1336d-1c7c-43b5-a8ed-f141f31fb70e
Laos pushes into crypto as it authorises mining and trading
https://www.ft.com/content/3a820200-0128-42b3-be6c-f5abd6381efa
Myanmar violence mounts after shadow government embraces ‘war’
https://www.ft.com/content/492bd2b6-e5c9-4d9e-81ea-b95f6c14aef9
MassMutual fined $4m over meme-stock trading by ‘Roaring Kitty’
https://www.ft.com/content/7ce3b9a4-1f86-4e49-a3cf-6b5a445fef0e
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.8 | Today is Friday, September 17th, and this is your FT News Briefing. |
| 0:08.6 | The FT has its hands on an unpublished European Central Bank inflation estimate. |
| 0:13.4 | We'll tell you what we found. |
| 0:14.8 | And Myanmar's shadow government is fighting back against the military junta. |
| 0:19.0 | Plus, our market's editor, Katie Martin, is back. |
| 0:22.0 | Talk with her about the latest developments in the world of crypto. |
| 0:25.6 | You can say what you like about crypto, |
| 0:27.6 | but if you know what you're doing, if you can ride the wave up, |
| 0:31.0 | but also protect yourself on the pretty serious pullbacks, |
| 0:35.0 | then you can make an absolute shared load of money. |
| 0:39.0 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:47.0 | Unpublished documents, seen by the FT, |
| 0:49.2 | suggest that the European Central Bank expects to hit its 2% inflation target by 2025, |
| 0:54.6 | and it could raise Eurozone interest rates in just over two years. |
| 0:59.0 | That is a year earlier than most economists expected. |
| 1:02.0 | Right now, the ECB's key deposit rate is at half a percent below zero. |
| 1:06.4 | It's been negative since 2014, and most analysts believed it would stay that way until around 2024. |
| 1:12.6 | That's because the ECB has been struggling to boost prices. |
| 1:16.2 | But last month, Eurozone inflation hit a decade high of 3%. |
| 1:21.0 | The internal models that FT had access to may likely add to the debate |
| 1:24.8 | about how quickly Central Bank should reverse their pandemic stimulus programs |
... |
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