No 'red line' against central bank digital currency, BoE's Hauser says

1/6/2022 6:59:00 PM

No 'red line' against central bank digital currency, BoE's Hauser says

No 'red line' against central bank digital currency, BoE's Hauser says

LONDON : A central bank digital currency would not pose an excessive challenge for the Bank of England's operations, Andrew Hauser, the BoE's executive director for markets, said on Wednesday.'By themselves, balance sheet considerations do not obviously present any 'redline' arguments against CBDC adoptio

LONDON : A central bank digital currency would not pose an excessive challenge for the Bank of England's operations, Andrew Hauser, the BoE's executive director for markets, said on Wednesday."By themselves, balance sheet considerations do not obviously present any 'redline' arguments against CBDC adoption, if that is the chosen way forward," Hauser said in remarks ahead of a discussion hosted by the Federal Reserve Bank of New York.

"While the technologies for such currencies would be new, the use of the central bank balance sheet to provide state-backed transactional money is one of our most longstanding functions," Hauser added.

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"By themselves, balance sheet considerations do not obviously present any 'redline' arguments against CBDC adoption, if that is the chosen way forward," Hauser said in remarks ahead of a discussion hosted by the Federal Reserve Bank of New York. "While the technologies for such currencies would be new, the use of the central bank balance sheet to provide state-backed transactional money is one of our most longstanding functions," Hauser added.375 per cent to help fend off inflation. Source: Reuters . Perry Warjiyo said the rupiah's exchange rate is seen averaging at a range of 14,400 to 14,800 a dollar in 2023, compared with Bank Indonesia's (BI) expectation for the currency to trade on average at 14,300 to 14,700 in 2022.