Tag: central bank
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Conflict of interests: savers are missing out on rate rises, could CBDCs help?
The Financial Conduct Authority put UK banks on notice last week to pass on interest rate rises to their savers, or else be ready to suffer the consequences: Firms offering the lowest savings rates will be required to justify by the end of August how those rates offer fair value, according to the Consumer Duty*…
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What are central bank digital currencies?
This post is the second in a series called ‘central bank digital currencies 101’. To start with the first post that asks ‘what is money?’ click here. Facebook wants our money. On the 18th June 2019, they launched a digital currency called Libra that aimed to do nothing less than “reinvent money and transform the…
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What is money anyway?
This post is the first in a series called ‘central bank digital currencies 101: what are they and why should I care?’. This first post explores the different kinds of money in the economy today Let’s start this week with a personal question: how much money do you have? It might sound like a simple…
New Money 