Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Japan Declines Comment on BOJ’s Absence From Global Support Statement for Fed Chair Powell. Source: Asturio Cantabrio, CC BY-SA 4.0, via Wikimedia Commons 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
Thailand Economy Faces Competitiveness Challenges as Strong Baht and U.S. Tariffs Pressure Exports 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Australia’s central bank is pushing ahead with its wholesale central bank digital currency (CBDC) initiative, launching real-asset trials through its latest program, Project Acacia. The Reserve Bank of Australia (RBA) announced on Thursday that it will conduct 19 pilot cases involving actual money and financial assets, along with five proof-of-concept simulations.
The project marks a significant milestone, moving beyond previous theoretical frameworks to test CBDCs, stablecoins, and bank deposit tokens in real financial environments. These tests will cover a variety of asset classes, including fixed income, private markets, carbon credits, and trade receivables.
Project Acacia features collaboration with major blockchain and distributed ledger platforms, including Hedera, Redbelly, R3 Corda, and Canvas Connect. The six-month trial phase will lead to a comprehensive report expected in the first half of 2026.
RBA Assistant Governor Brad Jones stated the initiative will offer critical insights into how central bank and private digital currencies, when integrated with modern payment infrastructure, could enhance the efficiency of Australia’s wholesale financial markets.
The RBA emphasized its focus on wholesale applications, ruling out the need for a retail CBDC. Instead, the central bank sees potential benefits such as reduced counterparty risk, improved auditability, freed-up collateral, and lower costs for financial institutions and customers.
The RBA’s pilot aims to explore how digital innovations can improve settlement processes and financial market transparency, reinforcing Australia's position in the evolving global digital finance landscape. As central banks worldwide explore similar paths, Australia’s wholesale CBDC trials could offer a blueprint for broader adoption.
