Free Trial

MNI BRIEF: No Discussion Yet of CBDC Policy Transmission: BIS

(MNI) LONDON

Any new central bank digital currencies must be in line with existing policy objectives and do no harm to either monetary and financial stability, a report published Friday by 7 leading central banks and the BIS says. Speaking to launch the report, BOE Dep Gov Jon Cunliffe, who is also Chair of the BOS Committee on Payments and Market Infrastructures, says any CBDC would be for each jurisdiction to judge as to want and need, but he said early discussions largely fix around payments systems, with little discussion yet of transmission effects from monetary policy.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.