News published on Monetary Brief in June 2025

The U.S. Department of the Treasury has released its semiannual report to Congress on the macroeconomic and foreign exchange policies of major trading partners of the United States.

U.S. Secretary of the Treasury Scott Bessent led a meeting of the Financial Stability Oversight Council at the Department of the Treasury.

Today, Secretary of the Treasury Scott Bessent held a meeting with Yulia Svyrydenko, Ukraine's First Deputy Prime Minister and Minister of Economy.

Secretary Scott Bessent addressed the American Swiss Foundation, emphasizing the longstanding relationship between the United States and Switzerland.

IBM and Inclusive Brains have announced a joint study agreement to explore advanced AI and quantum machine learning techniques.

Michelle W. Bowman has been sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System.

Michael E. Horowitz has been appointed as the Inspector General for the Federal Reserve Board's Office of Inspector General (OIG), effective June 30, 2025.

The National Credit Union Administration (NCUA) has announced that its next Board of Directors meeting is tentatively scheduled for July 24, 2025, at 10:00 am Eastern.

The Federal Reserve Board has commenced its 2025 Census of Finance Companies and Other Lenders, as announced on Friday.

Moody's and GBG have announced a partnership aimed at enhancing business onboarding processes through improved identity verification.

The Federal Reserve Board has announced the termination of enforcement actions involving Hana Bancorp, Inc. and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. The action against Hana Bancorp, formerly known as BNB Financial Services...

Federal Reserve Bank of Philadelphia President and CEO Patrick Harker emphasized the need for a "certain and deliberate" approach to monetary policy in light of ongoing economic uncertainties.

The Payments System Board of the Reserve Bank of Australia convened in June 2025 to discuss several significant issues related to the nation's financial infrastructure.

The National Credit Union Administration (NCUA) has released its financial performance data for the first quarter of 2025, showing an increase in total assets and loans outstanding for federally insured credit unions.

Speaking after the decision to maintain the policy interest rate at 2.75%, Deputy Governor Sharon Kozicki addressed the importance of using a variety of data and engaging with Canadians to make informed decisions.

The Federal Reserve Bank of New York has announced the appointment of Beth Gosch to its Community Advisory Group.

IBM has announced the launch of watsonx AI Labs, a new innovation hub in New York City aimed at accelerating AI development.

IBM and Roche have collaborated to develop an AI-enabled solution aimed at assisting individuals with diabetes in managing their condition.

The Bank of Canada has decided to maintain its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

The Bank of Canada announced today that it is maintaining the policy interest rate at 2.75%.