BoE tenders for CBDC mobile wallet
The Bank of England is seeking a third-party supplier to develop a mobile wallet for central bank digital currency (CBDC). The BoE has not confirmed it plans to issue a CBDC and says it will…
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The Bank of England is seeking a third-party supplier to develop a mobile wallet for central bank digital currency (CBDC). The BoE has not confirmed it plans to issue a CBDC and says it will…
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This is the second part of Central Banking’s roundtable discussion with several economists about the challenges facing the US Federal Reserve. You can find the first part of the discussion here. How do you characterise…
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Inflation remains arguably the most pressing economic issue in the US. Excluding food and energy, the personal consumption expenditure price index increased 5.1% from one year ago in September. Headline PCE inflation was 6.2%. But…
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Santo António, in São Tomé and Príncipe The government of São Tomé and Príncipe has removed the central bank’s administrative council and appointed former finance minster Américo Ramos governor. According to news agency STP Press,…
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Instant, cheap, universal and securely settled cross-border payments could become a reality in the next decade, European Central Bank officials have said. Central bank-issued digital currency combined with domestic payment systems could deliver this, Ulrich…
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World Bank president David Malpass warned the current global economic climate could lead to widespread defaults in the developing world. Speaking on December 1, he said he was “worried about a disorderly default process”. Malpass…
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Central Bank of Colombia, Bogota The president of Colombia, Gustavo Petro, announced on December 2 that he had named Olga Lucía Acosta to the board of the central bank. Acosta will succeed Alberto Carrasquilla, after…
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The Reserve Bank of India will begin the pilot of its retail central bank digital currency (CBDC) on December 1. The pilot of the ‘e₹-R’ follows the launch of the pilot phase for the ‘e₹-W’, the…
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Australian central bank governor Philip Lowe has apologised to people who took out mortgages based on the bank’s initial guidance that interest rates were likely to stay unchanged until 2024. “I’m sorry that people listened…
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Bank of Canada lost C$522 million ($385.5 million) last quarter, its first quarterly loss since its foundation in 1935. The central bank has been selling off its pandemic asset purchases since April. At the same…
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