Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Bank of Canada Deputy Governor Tim Lane called physical cash "clunky" and said a review of whether to launch a digital currency has moved beyond early work to look at what specific attributes it might have.
"For a long time, the Bank of Canada has been involved in the payments system, quite sensibly because we create cash, in its clunky physical form, and we also create settlement balances that are used by banks and other large financial institutions," Lane said Wednesday during a panel talk with the Canadian Chamber of Commerce.
"The question is to what extent should we be trying also to bring those products into the digital age and creating a digital form of cash," Lane said. Governor Tiff Macklem earlier this year told MNI the central bank needs to be ready for a digital currency and warned of risks of a world where private companies introduced their own currencies.