Central bank business models are being forced to change as the economy digitalises, Joachim Nagel, Deutsche Bundesbank governor, said on May 6. “If you would have asked me 20 years ago, is the central bank…
Read More
Debt-stricken Sri Lanka is in talks with its international bondholders to restructure its debt to link it to its economic performance and potentially also to anti-corruption reforms. Creditors have proposed a new bond of $9…
Read More
Most central banks participating in the Communications Benchmarks 2024 retain the same priorities for the year ahead as in 2023, notably boosting social media. Nearly four-fifths (78.1%) of 32 communications departments plan to increase their…
Read More
European Central Bank (ECB) staff have accused the institution of removing sensitive questions pertaining to harassment and discrimination in an internal survey. Some staff said the questions seemed to have been removed to improve how…
Read More
The early adopters of central bank digital currency (CBDC) would most likely be well-educated men under 35, new research by the Netherlands Bank (DNB) found. The DNB surveyed 2,496 people to find out what would…
Read More
Most communication teams use emails and social media as the primary tools for two-way interaction with the public, the Communications Benchmarks 2024 find. The section received 34 responses from participants. Of these, 30 (88.2%) say…
Read More
Chinese authorities are investigating Yao Qian, a key figure behind China’s central bank digital currency (CBDC) project, for suspected “violations of discipline and law”. The Central Commission for Discipline Inspection confirmed the investigation on its website…
Read More
Digital payments in Europe are too reliant on international card schemes and big tech companies, Denis Beau, first deputy governor of the Banque de France, said on April 24. While cash made up 79% of…
Read More
Central banks responding to the Communications Benchmarks 2024 consider media relations, social media and website updating as the functions most central to their operations. Respondents graded various functionalities from 1 to 5. The function least…
Read More
The Bank of Israel is set to launch a sandbox for private sector players to experiment with a possible central bank digital currency (CBDC). It is building an application programming interface (API)-based sandbox, deputy governor…
Read More