ZURICH—Europe’s first cross-border trial of central bank digital currency payments has been described as a success by the central banks of Switzerland and France, though they said it would not immediately lead to the issuance of CBDCs. Project Jura, named after the mountains between the two countries, is the latest in a series of CBDC…
New Money: Central Banks Lay out Operating Manual for Digital Cash
LONDON—A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Worried that the explosion of bitcoin and its ilk could weaken their control of money, policymakers from…
Swedish Riksbank Holds Course, No Rush to Exit Pandemic Policies
STOCKHOLM—Sweden’s central bank kept key policy unchanged on Tuesday and forecast the benchmark repo rate would remain at zero in coming years, showing little sign of being in a hurry to tighten monetary conditions despite a rapid recovery from the pandemic. Sweden’s gross domestic product is back to its pre-pandemic size, inflation has topped the…
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