|All Time High:|
|Market Cap: |
|The price of #REPO today is $0.028 USD.|
The lowest REPO price for this period was $0, the highest was $0.028, and the current live price for one REPO coin is $0.02791.
The all-time high REPO coin price was $1.17.
Use our custom price calculator to see the hypothetical price of REPO with market cap of ETH or other crypto coins.
|The code for REPO crypto currency is also #REPO. |
REPO is 5.3 years old.
|The current market capitalization for REPO is $3,069,019.|
REPO is ranking downwards to #1102 out of all coins, by market cap (and other factors).
|There is an unknown volume of trading today on #REPO.|
|The circulating supply of REPO is 109,958,607 coins, which is 31% of the total coin supply.|
|REPO has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.|
View #REPO trading pairs and crypto exchanges that currently support #REPO purchase.
More REPO (#REPO) News
|How the Federal Reserve Is Now Competing With Banks for Deposits: Enter ...
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the 'overnight reverse repurchase agreement facility,' which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run to grab the higher yields it offers compared to traditional banks.
The Federal Reserve 'Reverse Repo' Facility Is Affecting Banks' Deposits, According to Analysts
The recent banking crisis has made people worried about the security of the U.S. banking system, and while at a high level, some are still determining the causes that led to the fall of Silvergate, Signature, and Silicon Valley Bank, there is another phenomenon that is affecting the health of this system.
The 'overnight reverse repurchase agreement facility,' or reverse repo, as it is commonly referred to, allows money market funds, which are investment vehicles known to invest in low-risk instruments, to park money with the U.S. Federal Reserve while earning greater interest than what commercial banks offer.
The facility, which was introduced back in 2013 by the Federal Reserve as a backstop for a possible shortage of low-risk investment options in the market, finished last month with $2.3 trillion in funds, down from a record number of $2.5 trillion reached in December 30, 2022, per numbers of the St. Louis Fed.
Analysts have stated that the availability of this instrument is causing flight-to-quality flows away from bank deposits,...
|Bank of England Hikes Repo Rate by 75bps — UK's 30-Year Fixed Mort...
On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom's main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase.Bank of England Hikes Repo Rate by 75bps, Monetary Policy Committee Insists More Rate Increases Will Be Needed to Obtain 2% Inflation Rate Goal
Seven out of nine MPC members voted in favor of a 75bps rate hike, while two MPC members voted for lower increases. According to the MPC, one member wanted a 50bps hike, while another voted for a 25bps increase. The Bank of England’s rate hike on Thursday was the largest jump in 33 years or since 1989, and the MPC expects more rate increases will be required to tame inflation.
“The majority of the Committee judges that, should the economy evolve broadly in line with the latest Monetary Policy Report projections, further increases in Bank Rate may be required for a sustainable return of inflation to target, albeit to a peak lower than priced into financial markets,” the MPC explained on Thursday.
The news follows the Fed’s rate hike the day prior, when the U.S. central bank raised the rate by 75bps on Wednesday. At first, global markets took the Fed’s announcement as positive news, but Fed chair Jerome Powell’s commentary with the press that followed soon after, changed the mood. P...
|Report: Fed's Secret Repo Loans to Megabanks in 2020 Eclipsed 2008...
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion in stealth repo loans from the Fed to the French financial institution, BNP Paribas in Q1 2020. Additional data indicates that the U.S. central bank leveraged secret repo loans to provide a whopping $48 trillion to megabanks in late 2019 and into 2020.Reports Show the Fed Funneled Tens of Trillions to Megabanks in 2019 and 2020
While Wall Street eagerly awaits the Federal Reserve's next benchmark rate hike decision, a number of investigative reports show the U.S. central bank participated in massive bank bailouts that are of biblical proportions. The first report stems from Wall Street on Parade's Pam and Russ Martens, which accuses the Fed of secretly loaning the French megabank BNP Paribas $3.84 trillion in the first quarter of 2020.
The Martens' findings highlight many more secret loans that come from a data dump derived from the New York Federal Reserve branch. The data dump showcases secret repo loans from the Fed to megabanks from September 17, 2019, to July 2, 2020. The Wall Street on Parade authors say the media has not reported on the data dump at all.
'Mainstream media has heretofore instituted a news blackout on t...